Overview
Some experts have said that a strong risk management process can decrease problems on a project by as much as 80 or 90 percent. In combination with solid project management practices, having a well-defined scope, incorporating input from the appropriate stakeholders, following a good change management process, and keeping open the lines of communication, a good risk management process is critical in cutting down on surprises, or unexpected project risks. Such a process can also help with problem resolution when changes occur, because now those changes are anticipated and actions have already been reviewed and approved, avoiding knee jerk reactions. Primavera Risk Analysis (Pertmaster) is a risk analysis and mitigation solution that enables organizations to overcome project and portfolio uncertainty by modeling risks and analyzing the cost and schedule impacts of mitigation scenarios.

Who Should Attend?

This course is intended for any professionals preparing, analyzing, auditing or approving estimates. This course is also suitable for Oil & Gas, Engineering & Construction, Energy & Power, Telecommunications and Public sector individuals who are:

Objectives

Primavera Pertmaster helps you determine confidence levels for project success, while easily identifying contingency and risk response plans. For example, you can:

• Quickly evaluate your schedule maturity and risk readiness

• Perform risk analysis on escalating prices for raw materials, labor services, financing capital intensive projects, effects of proposed regulatory changes, and upgrades in new technology

• Plan for the occurrence of unforeseeable obstacles created by events such as weather, accidents, vendor delays and political or community challenges

• Determine which project is more likely to succeed, ROI, associated costs, and timeframe for a more realistic completion date