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702 - Introduction to Project Risk Management with Pertmaster Software
Introduction
This course is aimed at those who wish to gain a good understanding of the scheduling and risk analysis capabilities of Pertmaster Project Risk. The course provides “hands-on” exercises for scheduling and quantitative risk analysis with Pertmaster.
Learning Outcome
- Cost & schedule risk analysis theory
- Pertmaster progress and schedule checker
- Review of risk types including estimate uncertainty, risk events, task existence and weather modeling
- The generation and use of three-point estimates
- The use of the unique Pertmaster Quick Risk utility
- Using alternate distributions
- Correlation
- Probabilistic branching and events
- Criticality and cruciality to determine the key risk drivers within your project
- Risk reporting: Interpreting the results through risk histograms and tornado charts
- Integration with Primavera and MS Project software
- Risk Register and Risk Categories
- Integrated qualitative and quantitative risk analysis
Who Should Attend
This 3 day introduction course is aimed at all new Pertmaster software users and prospective users looking to evaluate and benefit from the full capabilities of Pertmaster Software
Day 1 Overview:
Intended to provide a good understanding of the main risk analysis capabilities of Pertmaster software. This day will use many “hands-on” exercises for learning the basics of quantitative risk analysis including:
- Basic schedule and cost risk analysis theory
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- Using three-point estimates
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- An introduction to the Risk Register
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- Running a quantitative risk analysis and understanding results: Bell-curves, S-curves, criticality, sensitivity and cruciality,P- schedules
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- Integration with MS Project and/or Primavera
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Day 2 Overview:
Extensive “hands-on” exercises cover further risk management topics such as:
- Advanced schedule and cost risk analysis theory
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- Qualitative and quantitative risk assessment templating
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- Correlation in theory and practice
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- Risk mitigation – management cost/benefit analysis
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- Management costs, liquidated damages, revenues, probabilistic cash flow
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- Probabilistic and conditional branching
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- An introduction to macros and extending Pertmaster
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Day 3 Overview:
NEW lab workshop that uses case-study examples to cover the whole
risk analysis process:
- Use it to explore topics further, optionally on your own data.
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- Practice techniques in your own time with trainer assistance.
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- Gain valuable confidence that will help you apply the training to your work.
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