P501 Managing Risk in Oracle Primavera Risk Analysis 8.6 Ed. 1 With Hands-on Workshop

This course provides training for Primavera’s Risk Management solution. Participants will gain a thorough background in the basic concepts of risk management. This three-day class leads you through examples of specific risk modeling techniques and provides a lab-style workshop on the third day to allow students to apply the learned techniques.

Objectives

  • Apply a risk assessment to a project schedule, resources and costs Log and track project-critical documents
  • Use a Risk Register:
    • Identify risks
    • Assess risks qualitatively or quantitatively
    • Propose, evaluate and justify mitigation
  • Track planned mitigation with rest of the project
  • Run a risk analysis
  • Understand the results of a risk analysis
  • Interpret, communicate and justify a risk analysis to the project team, management and stakeholders
  • Use risk management to improve your project management, set targets and contingency, set corporate and customer expectations with confidence.

Who Should Attend?

This 5-day introductory course is aimed at all new and prospective users looking to evaluate and benefit from the full capabilities of the Primavera Risk Analysis software.

Contents

  • Basic schedule and cost risk analysis theory
  • Risk Methodology
  • Schedule Review
  • Using three-point estimates for activities
  • Running a quantitative risk analysis
  • Understanding results (histograms, tornado charts
  • Understanding project drivers (duration sensitivity, criticality)
  • Introduction to the Risk Register
  • Integration with Primavera and Microsoft Project
  • Cost & Resource Uncertainty
  • Risk assessment templating
  • Correlation
  • Probabilistic Branching
  • Risk Register (Risk Events)
  • Response Planning – cost/benefit analysis
  • Lab style workshop
  • Applying risk analysis techniques