Primavera Risk Analysis - Step by Step

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Primavera Risk Analysis - Step by Step

Name: Primavera Risk Analysis - Step by Step
Rating: 4.3 (160 reviews)
Author: Stone River eLearning

Learn Primavera Risk Analysis from scratch

updated on icon Updated on Apr, 2024

language icon Language - English

person icon Stone River ELearning

category icon Business,Project Management

Lectures -22

Resources -10

Duration -3 hours

4.3 ★★★★ ★

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Course Description

Welcome!

This course covers a comprehensive Step by Step approach for developing a Risk Model and Running a Risk Analysis in Primavera Risk Analysis. The course objectives cover all of the modelling concepts to successfully develop a project risk plan and subsequent risk analysis, ranging from small to mega projects.

The course content applies all versions of Primavera Risk Analysis up to Version 8.7.

If you are a Project Manager, Project Scheduler, Project Controller, Engineer, Cost Controller, Risk Analyst or anyone else who wishes to learn how to apply Primavera Risk Analysis, then this course is for you.

You could also be refreshing and enhancing your skills Software Packages and want to get up and running quickly.

By the end of the course, you will be able to model risks and duration uncertainty around a deterministic schedule.

We will be covering the typical steps required for performing a schedule risk analysis, using Primavera Risk Analysis or PRA.

You will learn how to provide:

The probability of achieving the deterministic schedule
The most likely completion date
A range of probabilistic outcomes (such as P10 / P50 / P90) for an overall project, specific activity, package or project scope

Is preferable, but not essential that all participants have a basic understanding of the principles of scheduling risk.

It is assumed that imported files will be from Primavera P6 but files can also be imported from Microsoft Project or Deltek.

All relevant reference material will be available for download, as well as the required Risk Exercise XER project file.

As with all of my courses, I provide a comprehensive real-life exercise (that I have personally worked on) for students to complete in their own time. Answers to exercise questions will be provided in a final session. I encourage all students to complete the exercise.

For those students who are interested, there is a fully illustrated Step-by-Step eBook available for this course (235 pages). You'll find full details in the Bonus Learning Section.

Who this course is for:

Project Managers, Engineers, Schedulers, Risk Analysts and Project Controls Personnel

Goals

What will you learn in this course:

Comprehensive Steps to Understand and Develop Primavera Risk Analysis Models
Importing a P6 XER File into Primavera Risk
Navigate the Primavera Risk Workspace
Check the Schedule Health
Test the Primavera Risk Model
Add Duration Uncertainty
Understand Templated Quick Risk
Introduce and Understand Correlation
Introduction to the Risk Register and Risk Scoring
Understand the Qualitative Risk Register
Understand the Quantitative Risk Register
Understand Risk Register Reports
Build an Impacted Risk Model
Run a Risk Analysis
Analyse the Distribution Histogram
Analyse the Tornado Chart
Analyse the Distribution Analyser
Learn how to add Weather Risk Events
Understand how to apply Percentage Leads or Lags
Learn how to apply Probabilistic Links and Branching
Learn how to Format the Gantt Chart
Risk Analysis Exercise (Approx. 3 - 4 hours)
Risk Analysis Exercise Outcome and Answers

Prerequisites

What are the prerequisites for this course?

Basic Knowledge of Project Scheduling and Risk
Primavera Risk Analysis Software (Trial version can be obtained from the Oracle E-delivery website)

Curriculum

Check out the detailed breakdown of what’s inside the course

Introduction
22 Lectures

Introduction 03:02 03:02
Importing a P6 XER File into Primavera Risk 05:15 05:15
Navigate the Primavera Risk Workspace 06:41 06:41
Check the Schedule Health 06:58 06:58
Test the Primavera Risk Model 06:59 06:59
Add Duration Uncertainty 09:40 09:40
Templated Quick Risk 14:42 14:42
Introduce and Understand Correlation 06:07 06:07
Introduction to the Risk Register and Risk Scoring 07:24 07:24
The Qualitative Risk Register 07:12 07:12
The Quantitative Risk Register 08:17 08:17
Risk Register Reports 05:24 05:24
Building the Impacted Risk Model 08:32 08:32
Running the Risk Analysis 09:51 09:51
The Distribution Histogram 12:01 12:01
The Tornado Chart 07:50 07:50
The Distribution Analyser 12:32 12:32
Weather Modelling 13:05 13:05
Percentage Lags and Leads 06:23 06:23
Probabilistic Links and Branching 06:45 06:45
Options and Formatting the Gantt chart 08:07 08:07
Risk Analysis Exercise (Approx. 3 to 4 hours) 10:37 10:37

Instructor Details

Stone River eLearning

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Feedbacks

REGHUNATH K P

Excellent

Kseniia Shandrenko

Your course is perfect. For short period of time I learnt all I need for Risk Analysis using Primavera. Short videos include necessary information. Thanks a lot.