501 - Managing Risk in Primavera Risk Analysis (Pertmaster)

OVERVIEW

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 the Oracle Primavera Risk Analysis tool. The course provides "hands-on" exercises for advanced project scheduling, quantitative and qualitative risk modeling with Primavera Risk Analysis (Pertmaster).

   




COURSE PRICE:

Please refer to scheduled course details for pricing.

TARGETED ROLES:
Resource Managers
Program Managers
Project Managers
Risk Managers 

ADDITIONAL AUDIENCES:

Existing P6 users


LOCATIONS & DATES:
Primavera Training Calendar


 

COURSE 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.
  • Hands-on practice using Primavera Risk Analysis with a trainer.