Managing Risk in Primavera Risk Analysis, Course 501

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.

Our Price:  $1,895 USD
Prerequisite: 
Fundamental Product Management knowledge, Knowledge of Windows
Course Length:  3 days

Download Course PDF »

Professional Development and Continuing Education Units

Earns 19.5 PDUs

Learning Outcomes
  • Use a Risk Register to assess risks qualitatively or quantitatively
  • Run a risk analysis
  • Use a Risk Register to propose, evaluate and justify mitigation
  • Track planned mitigation with rest of the project
Course Objectives
  • Apply a risk assessment to a project schedule, resources and costs
  • 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
Intended Audience
  • Business Analysts
  • End Users
  • Functional Implementer
  • Project Manager
Course Topics
  • 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

Register Online