PRA-001: Managing Risks in Primavera Risk Analysis

This 2-day course provides hands-on training for Primavera’s Risk Analysis solution (formerly known as PertMaster). Participants will gain background knowledge in the concepts of risk management. The course leads students through hands-on workshops with examples of specific risk modelling techniques. Participants will understand how uncertainty and risk events (threats and opportunities) can impact on project objectives so that strategies for dealing with them can be tested, leading to the setting of project budgets and contingencies, realistic timescales and stakeholder expectations.

The course supports widespread professional methodologies, information sources and management approaches (OGC; PRINCE2; Managing Successful Programmes; Management of Risk. Association of Project Management: APM Body of Knowledge; Risk Management Specific Interest Group; PRAM Guide: Project Management Institute PM Body of Knowledge; ISO 31000)


Learning Outcomes:

  • Introduction to managing Qualitative Risks using Primavera P6
  • Connecting a Primavera P6 schedule with PRA
  • Use a Risk Register to assess risks qualitatively or quantitatively
  • Run a risk analysis
  • Use a Risk Register to propose, evaluate and justify mitigation
  • Track planned mitigation with rest of the project

Prerequisite: Knowledge of Windows™ and basic concepts of planning/scheduling
Delegate Profile: Risk Managers, Risk Analysts, Programme Managers, Planners, Schedulers
Trainer Profile: The course will be delivered by an instructor experienced in using Primavera
P6 with practical experience of using the system in the field on live Projects
Course Length: 2 days (09.30am till 4.00pm)
Course Price: €2,995 Excl. VAT per person (Includes course manual and lunch)
***Payment must be received in full upon registering in order to secure your place***

PMI PDUs: 6

Engineers Ireland CPD Units: 2 days

PMIS-PMI-Registered-Education-Provider
PMIS-Engineers-Ireland-Registered-Training-Provider

Course Outline

Day One:

  • Introduction to PMIS Ltd. and Oracle Primavera
  • Overview and Navigating within PRA
  • Understanding Risk
  • Schedule Review Pre-Analysis Check
  • Applying Duration Uncertainty

Day Two:

  • Task Existence / Existence Probability
  • Basic Probabilistic Branching
  • Advanced Probabilistic Branching
  • Risk Register
  • Correlation
  • Resource and Cost Uncertainty
  • Analyse and Mitigate
  • Working with Primavera