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