Risk Management (900)

Introduction to Project Risk Management

This one day hands-on training class is designed to teach you the fundamentals behind managing cost & schedule project risk. Covering both qualitative capturing and assessment of risks and quantitative simulation & analysis of project risk, this class is a perfect platform for you to embark on reducing your project risk exposure.

Topics: 

Qualitative Risk Assessment – Risk Registers

·         Introduction to risk registers

·         Risk scoring through risk matrices

·         Planning risk response including mitigation planning

·         Risk impacts: cost, schedule, quality, safety

·         Qualitative assessment of risk

  Quantitative Risk Analysis – Monte Carlo Simulation

·         Introduction into Monte Carlo schedule risk analysis

·         Risk types – risk events, uncertainty

·         Weather modeling

·         Tips and tricks for risk loading large schedules

·         Risk analysis of cost estimates

·         Interpreting risk results & standard risk reports

·         How to effectively reduce risk exposure

The Project Risk Lifecycle

·         A step by step walkthrough of an accepted risk methodology

Cost & Schedule – tying it all Together

·         A powerful technique for integrating cost & schedule risk models

·         Analyze how schedule uncertainty impacts costs/budgets

The class is a hands on class and includes worked examples using Oracle Primavera Pertmaster.