Project Risk Management in Primavera Pertmaster Rel 8.2 (Oracle)

COURSE OUTLINE:

Description 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.

Course Content


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

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”