Project Risk Management in Primavera Pertmaster

The Project Risk Management in Primavera Pertmaster class is designed to empower you to accurately model, analyze and control your project risk exposure. Covering both cost and schedule risk analysis, the three-day training class includes risk management theory, best practices for modeling and reducing risk, interpretation of risk analysis reports and how to generate executive risk briefings. Through worked examples, the class also covers how to implement these techniques in Oracle’s Primavera Risk Analysis.

Online Registration (Cost per attendee: US$2250)

Start Date	Duration	Location
August 23 2010	3 Days	Plano, TX (Dallas)	REGISTER NOW
September 20 2010	3 Days	Sugar Land, TX (Houston)	REGISTER NOW

Course level: Basic
Targeted role: New and intermediate Pertmaster users
Course Length: 3 days
Prerequisite: A working knowledge of MS Windows
Professional Development and Continuing Education Units:
Earns 24 PDUs and 2.4 CEUs
PMI Program Number – 1471

Introduction to CPM Scheduling Theory

· Developing a sound risk model basis

· Shortcomings of traditional CPM scheduling

· Deliverable-based scheduling

Introduction to Risk Management Theory

· Using risk management for forecasting Confidence analysis

· Contingency & mitigation

· Qualitative & quantitative risk management

· Risk techniques (e.g. Monte Carlo, PERT)

Benefits of Risk Management

· Understanding risk exposure

· Calculating required contingency levels

· Identifying risk hot spots & drivers

· Positive risk - opportunity management Formal

Risk Management Methodologies

· Developing repeatable processes

· Accelerating your risk maturity

Inputs to the Risk Management Process

· Cost/schedule uncertainty

· Risk events/risk registers

· Uncertainty windows

· Weather modeling

· Use of correlation

· How to risk load large models

Analysis

· Effective techniques for analysis

· Avoidance of ‘garbage in, garbage out”

Outputs from the Risk Management Process

· Histograms: risk exposure

· Contingency reports

· Tornadoes: risk drivers

· Scatter reports: cost/schedule correlation

· Risk matrices: risk events/mitigation

· CPM risk reports - critical path risk

Executive Risk Reporting

· “Making sense of all the data”