TRAINING
COURSE
Risk Management and Project Control are capabilities which need to be developed, often with specific organisational requirements in mind. Using a combination of training and on-going coaching, Cairndene can provide Risk Managers and Planners with the necessary knowledge of risk management and planning techniques, along with the skills to use Primavera Risk Analysis (formally Pertmaster).
Cairndene has a unique approach to training: working with our clients to develop organisational specific project controls skills, reducing their reliance on expensive external contractors. We deliver bespoke training, at the client site, using their own project data designed to enhance the quality and competence of in-house resources. Our training is further consolidated with our accreditation by Dundee Business School, The University of Abertay and the launch of a work-based MSc programme.
This course covers the theory and methodology for schedule risk analysis.
Aim
The aim of this training is to provide the candidate with the principles and tools which are essential for building a robust and reliable model to analyse schedule risk.
Learning Outcomes
By the end of this training the candidate should be able to:
1. Explain the difference between traditional risk management and schedule risk analysis
2. Recommend and justify the method for building the risk model
3. Analyse duration uncertainty and the effect on the critical path
4. Evaluate the register of risk events in relation to the schedule
Indicative Content
1. Traditional Risk Management and its limitations
1.1. Identification of Risk
1.2. Assessment of Risk
1.3. Mitigation of Risk
2. Duration Uncertainty and its Effect on the Critical Path
3. Generation of a robust schedule
3.1. 3-point Estimates
3.2. Task Existence
3.3. Probabilistic Branching
4. Creation of the Register of Risk Events
5. Cost and Resource Uncertainty
6. Analysis of the Results
7. Mitigation Techniques and Reporting
Cairndene provides training for the creation of cost-effective Risk Mitigation Strategies using Primavera Risk Analysis to calculate the effect of Duration Uncertainty and Risk Events on the project completion date and the Critical Path.