Managing Risk in Primavera Risk Analysis Rel. 8.6 Ed 1 Course Overview

Certainly! Below are the minimum required prerequisites for successfully undertaking the "Managing Risk in Primavera Risk Analysis Rel. 8.6 Ed 1" course:

• Basic understanding of project management principles and processes.
• Familiarity with project scheduling concepts, such as Gantt charts, critical path method, and project baselines.
• Some experience with project management software is advantageous (e.g., Primavera P6, Microsoft Project).
• Fundamental knowledge of risk management concepts.
• Basic proficiency with Microsoft Windows and Office applications, particularly Excel, as it may be used for data analysis.
• Willingness to engage in problem-solving and decision-making activities related to project risk.
• Ability to comprehend and communicate effectively in the language in which the course is offered.

These prerequisites are intended to ensure that participants can fully engage with the course content and activities. Individuals with these foundational skills are likely to benefit the most from the training.

Target Audience for Managing Risk in Primavera Risk Analysis Rel. 8.6 Ed 1

1. This course focuses on managing risk within project management, utilizing Primavera Risk Analysis to enhance decision-making.

   
   

2. Target audience for the Managing Risk in Primavera Risk Analysis Rel. 8.6 Ed 1 course includes:

   
   

• Project Managers
• Risk Analysts
• Project Planners/Schedulers
• Project Control Managers
• Cost Engineers
• Construction Managers
• Project Engineers
• PMO Analysts
• Portfolio Managers
• Program Managers
• Project Coordinators
• Quantity Surveyors
• IT Project Managers
• Operations Managers in project-intensive industries
• Professionals seeking to advance in risk management
• Individuals aiming for a PMI-RMP (Risk Management Professional) certification

Learning Objectives - What you will Learn in this Managing Risk in Primavera Risk Analysis Rel. 8.6 Ed 1?

Introduction to Learning Outcomes

In the Managing Risk in Primavera Risk Analysis Rel. 8.6 Ed 1 course, you'll gain expertise in identifying, managing, and mitigating risks in project scheduling and costs using advanced tools and methodologies.

Learning Objectives and Outcomes

• Understand the fundamental concepts of schedule and cost risk analysis, including probability and impact on projects.
• Learn to apply risk methodology in the context of project management and risk assessment.
• Develop skills to critically review project schedules for potential risks and issues.
• Master the ability to use three-point estimates to determine potential variances in project activities.
• Acquire proficiency in running quantitative risk analyses using Primavera Risk Analysis software.
• Interpret results from risk analysis to make informed decisions, through histograms and tornado charts.
• Identify key project drivers, analyze duration sensitivity, and determine activity criticality.
• Set up and manage a Risk Register to track and prioritize project risks effectively.
• Integrate risk analysis processes with Primavera P6 and Microsoft Project for seamless project management.
• Evaluate cost and resource uncertainty to create more accurate project forecasts.
• Create and utilize risk assessment templates to standardize risk management across projects.
• Understand the concept of correlation and its impact on multiple project risks.
• Learn to implement probabilistic branching to simulate decision paths and their implications on project risk.
• Enhance risk assessment by detailing Risk Register events and their potential effects on project outcomes.
• Conduct response planning by performing cost/benefit analysis to ensure efficient risk mitigation strategies.
• Apply learned risk analysis techniques in a practical, lab-style workshop to solidify understanding and application skills.