I believe that Risk Decisions’ training has increased our capability to analyse and enhance our programme schedules, and not just for our customers

Introduction to Risk Analysis (PRA-01)

Learn how you can use the risk analysis results obtained from Predict! Risk Analyser to identify key drivers and risks that need to be addressed. It also provides the basis for putting together your bids, assessing tenders, negotiating contracts, setting contingency budgets, managing in-year expenditure and understanding your remaining risk exposure. Predict! Risk Analyser is a Monte Carlo analysis tool that will assist you in making timely decisions on possible future scenarios and give you options for reducing your risk exposure, understanding your vulnerability to key risks and providing more accurate estimates to completion information for earned value analysis.

Suggested attendees:

Cost estimators, risk analysts and risk coordinators, Managers responsible for setting and managing contingency budgets, planners and project managers who want to gain an insight into analysis before moving onto the Schedule Analysis course (PRA-02).

Learning outcomes:

  • Learn the principals of uncertainty risk and distributions
  • Use Monte Carlo simulations to gain an overview of risk exposure
  • Interpret simulation results and understand confidence levels
  • Build a simple cost model in Predict! Risk Analyser
  • Improve decision making through more informed reporting information

 

Please contact us to request more details, or to book places on one of our 2010 open courses (currently UK only):

Predict! Risk Analyser 3: 21 Apr 2010

Predict! Risk Analyser 4: 3 Feb 2010, 17 Mar 2010, 26 May 2010, 7 July 2010, 25 August 2010, 13 October 2010, 1 December 2010

 

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