PRA Risk Analysis Training (3 Day)

Learn to…

• Build a Risk Register to assess risks qualitatively or quantitatively
• Execute a risk analysis
• Use a Risk Register to propose, evaluate and justify mitigation options
• Track and manage planned mitigation actions collaboratively with others in the project team

This course is useful for a wide range of people including:

• End Users
• Risk and Issues Managers
• Insurers
• Project Manager
• Business Analysts
• Portfolio Managers
• Business Sponsors

By the end of this course you should be able to:

• Apply a risk assessment to a project schedule, resources and costs
• Interpret, clearly communicate and justify a risk assessment to project team member, management and stakeholders alike
• Use risk management to improve your project management capabilities, set targets and contingency, set corporate and customer expectations

The depth of topics covered will depend on your organisations specific requirements. If you have no preference we will cover the following:

• Basic schedule and cost risk analysis theory
• Risk Methodologies
• Schedule Review
• Using three-point estimates for activities
• Running a quantitative risk analysis
• Understanding results (histograms, tornado charts)
• Understanding project drivers (duration sensitivity, criticality)
• Introduction to the concepts of as Risk Register
• Cost and Resource uncertainty
• Risk Assessment templates – when to use and when not
• Correlation theory
• Probabilistic Branching
• Risk Register (Risk Events)
• Response Planning – cost/benefit analysis
• Risk work-shopping
• Applying risk analysis techniques