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Emerald Event

Managing Risk In Primavera Risk Analysis Training (Pertmaster) - Oracle University Certified, Calgary, 2017-10-02
Start Date:
October 2nd, 2017
3 days
08:30 am - 04:30 pm
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Managing Risk In Primavera Risk Analysis Training (Pertmaster) - Oracle University Certified, Calgary, 2017-10-02

  • Oracle University - Oracle Certified Primavera Training


    The Primavera Risk Analysis tool enables Monte Carlo risk analysis to be applied to scheduling tools to create dramatically more realistic planning and more rational decision making, while enabling targeted management of high risk tasks. It runs in conjunction with many scheduling tools, including Primavera P6.  This course is aimed at those who wish to gain an in-depth understanding of the scheduling and risk analysis capabilities of Primavera Risk Analysis. The course provides "hands-on" exercises for advanced project scheduling, quantitative and qualitative risk modeling.

  • 19 Years of Risk Analysis Experience

    Since 2002, Emerald Associates has been one of the only Authorized Oracle Primavera Risk Analysis implementer and certified training providers. We are a current member of Oracle University and have trained over 7000 students worldwide. Most importantly, Emerald Associates has a long and broad experience dealing in large project risk analysis including:

    • The risk analysis of one of the largest CO2 collection project in the world

    • A $2B major CAPEX project involving new technology - a complete evaluation of the risks from design to startup

    • A Public Private Partnership (P3) project to evaluate cost and schedule risk for the contractor during the bid stage

    • A Pharmaceutical company developing new products

    • Multiple Plant Turnarounds for a large oil and gas company 

    • Commissioning and startup readiness risk for a large mine expansion

    • A major new capital project incorporated into a plant during a turnaround. The mixing of cultures between capital projects and maintenance work was reflected in every aspect of the work and represented multiple threats. This analysis represented a challenge for diplomacy and human relations in the interview process.

    • A new separator and upgrader development. At the time of our risk analysis, engineering was peaking, infrastructure was being built and site clearing had commenced. A notable feature of this study was the extreme pressure on engineering  and construction resources and galloping cost escalation. Mitigation actions included various labour incentives.

    • A new Steam Assisted Gravity Drainage (SAGD) plant. The engineering was  at its height and piling is just starting. Our analysis was largely focused on the procurement and engineering processes that were intimately entwined and driving the construction process.

    • Analysis of the risks for a nuclear generation facility restart project. There were many risks associated with the availability and condition of equipment for this plant which was 40 years old at the time and the possibility of hidden defects.

    • A capital project that was running late and over budget where the owner and EPC disagreed about the best way to finish the project. Our analysis helped determine the most expedient path to the end of the project.

    For more information on Primavera Risk Analysis software and Emerald's Risk Management Services please explore our website further.

  • Oracle University - Oracle Certified Primavera TrainingCourse Outline

    Day 1
    • Schedule risk analysis theory
    • Using three-point estimates
    • Using alternate distributions
    • Running a quantitative risk analysis
    • Understanding risk analysis results
    • Probabilistic events
    • Criticality, sensitivity and cruciality
    • Producing P-schedules
    • Interpreting the results
    • Integrated cost and time risk analysis
    • Integration with MS Project and/or Primavera
    • An introduction to the Risk Register

    Day 2

    • Templated Quick Risk
    • Advanced probabilistic event modeling and branching
    • Measuring and defining correlation
    • Probabilistic cash flow
    • Iterations and convergence
    • Advanced risk register:
    • Advanced risk assessment (qualitative & quantitative)
    • Targets & mitigation
    • Audit trail
    • Series impacts
    • Cost/benefit analysis
    • Importing/exporting
    • Writing simple macros:
    • Report and integration macros
    • Conditional branching
    • Using hammocks for management costs, penalties and revenues

    Day 3

    • Use case studies to work through the risk analysis steps.
    • Practice using Primavera Risk Analysis with the help of a trainer.
  • Emerald’s Primavera training courses are an excellent way to earn professional development units (PDUs) and maintain your PMI certification.

    Professional Development Units (PDU's): 19.5

    Continuing Education Units (CEU's): 1.95

    Every PMI certification requires a specific amount of PDU’s per three-year certification cycle to maintain an active status. For more information on how to maintain your PMI certification visit:

    For more information on how to claim your PDU’s for our Oracle Certified Primavera training, including our Registered Education Provider (REP) ID number and PMI program number please contact our training coordinator at 403 686 8982.