Nu Solutions offers a variety of training options for Primavera systems. We will tailor the training to suit your employees needs on the projects they are currently working on. Our training is customized and client specific so the material you learn is structured the way you do business. Customized training is a cost effective way to ensure your employees will have the understanding on how to fully utilize the software systems in their everyday tasks.

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Introduction to Project Risk Management, Course 501

The Project Risk Management in Oracle|Primavera Risk Analysis 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|Primavera Risk Analysis.

Course level: Basic
Targeted role: New and intermediate Risk Analysis users
Course Length: 3 days
Prerequisite: A working knowledge of MS Windows
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

• Using risk management for forecasting Confidence analysis
• Contingency & mitigation
• Qualitative & quantitative risk management
• Risk techniques (e.g. Monte Carlo, PERT)

• Understanding risk exposure
• Calculating required contingency levels
• Identifying risk hot spots & drivers
• Positive risk - opportunity management Formal

• Developing repeatable processes
• Accelerating your risk maturity

• Cost/schedule uncertainty
• Risk events/risk registers
• Uncertainty windows
• Weather modeling
• Use of correlation
• How to risk load large models

• Effective techniques for analysis
• Avoidance of 'garbage in, garbage out"

• Histograms: risk exposure
• Contingency reports
• Tornadoes: risk drivers
• Scatter reports: cost/schedule correlation
• Risk matrices: risk events/mitigation
• CPM risk reports - critical path risk

• "Making sense of all the data"