TRAINING OBJECTIVES
Objectives of the Primavera Risk analysis training:
The objectives of the Primavera risk analysis training are to master the software functions in order to contribute to decision making and evaluate probabilities concerning deadlines and finances in order to mitigate risks, and more specifically those concerned by an EPC project (Engineering, Procurement, and Construction).
Training Learning outcomes:
At the end of the training, each participant will be able to evaluate uncertainties concerning timeframes and costs.
Public:
This Primavera risk analysis training program is for project managers and everyone implicated in one of the company’s projects.
Prerequisite:
You need to know the fundamentals of project management.
Methods used :
This training will include exercises, discussions, and role playing.
Training Materials:
Each participant will have access to Primavera P6 and Primavera & Risk Analysis applications in addition to the training brochure. The training is made of genuine case study complying with the functionalities of Primavera Risk Analysis.
Evaluation methods:
Assessment of knowledge via situational exercises, self-assessment, and and end-of-training certificate.
CERTIFICATION
MESLI Consulting is a certified Gold Partner for Oracle solutions, including Primavera P6, Oracle Primavera cloud, Primavera Risk analysis, Unifier, and Aconex.
THE TRAINING PROGRAM
Day 1: Introduction to the Basics of Quantitative Risk Analysis
Why is Primavera Risk Analysis useful for improving your schedule and risk analysis?
Difference between a deterministic parameter and an uncertain parameter for durations and costs
- Difference between a deterministic and an uncertain parameter for durations and costs
- Duration and cost application
- Probabilistic risk modeling
- Difference between uncertainty and risk
- Main benefits of quantitative risk analysis
Preparation of the risk analysis – Configuration of input data
- Importing project schedules from Primavera P6 or MS Project
- Modification of scheduling options (calendars, resources, and costs)
- Assignment of resources to activities
- Task coding with Primavera Risk Analysis
- Group and sort activities
- check the schedule with Primavera Risk Analysis
- How to Secure the Baseline ?
- Modeling uncertainty on durations and costs
- Establishing a strategy for assigning uncertainties to tasks
- Establishing a strategy for assigning uncertainties to tasks
- Use of hierarchical modeling (WBS)
- Modeling risks related to events compiled in the risk register
- Import and export of the risk register to Excel
- Integration of weather constraints
- Risk hierarchy by impact
Day 2 : Launching Risk Analysis
Oracle Primavera Risk Analysis: How Does It Work?
- Improvement of time and cost estimates
- The impact of a skewed distribution
- Effect of parallel paths
- Effects of correlations between tasks
- Description of the calculation method of Oracle Primavera Risk (Monte-Carlo simulation)
- Use of iterative simulation
Use of risk analysis to mitigate risks Use of output data to limit the impact on your projects
- Creation of customized reports (graphs and tables)
- Distribution chart
- Display of planning
- Risk factors, tornado chart
- Measurement of sensitivity (criticality,…)
- Interpretation of Oracle Primavera Risk Analysis charts
- Penalty assessment
- Risk pre-mitigation and post-mitigation
- Implementation of risk scenarios
- Customized reporting according to your needs
Conclusion for Primavera Risk Analysis training
Day 3 (optional)
- Workshop (optional)
PRACTICAL INFORMATION
Duration : 2 days+ 1 day of Workshop (Optional)-21 hours
Dates : contact us
Price : Please contact us for a quote request
Place of training:
- Paris
- Remote learning