Risk Management With Primavera Risk Analysis Step By Step

Learn effective risk management with Primavera Risk Analysis through step-by-step techniques and practical strategies.

What you'll learn

Learn to set up and configure Primavera Risk Analysis software to effectively manage and mitigate project risks.

Master risk identification techniques using qualitative and quantitative methods to assess project risks and their potential impact.

Generate and analyze key risk management reports (e.g., Risk Matrix, Tornado Graph, and Critical Path Analysis) to improve decision making and project success.

Apply Monte Carlo simulations in Primavera Risk Analysis to forecast project outcomes and evaluate risks with data-driven insights.

Develop and manage a comprehensive Risk Register to track, monitor, and mitigate project risks throughout the project lifecycle.

Integrate risk data directly into project schedules to proactively address risks and optimize project timelines.

Identify and manage critical path risks to ensure successful project delivery and timely completion.

Evaluate risk mitigation strategies by comparing pre-mitigated and post-mitigated simulations for more informed decision making.

Organize risks with a Risk Breakdown Structure (RBS) to prioritize and manage project risks effectively.

Learn to use risk scoring techniques to prioritize the most impactful risks and allocate resources efficiently for risk mitigation.

Communicate project risks effectively to stakeholders using clear reports and presentations, ensuring timely responses and mitigation actions.

Requirements

No prior experience is required. This course is designed for both beginners and professionals, teaching you everything you need to know about managing and mitigating project risks using Primavera Risk Analysis and Primavera P6. All you need is a basic understanding of how to use a computer.

Description

Unlock the full potential of Risk Management with Primavera Risk Analysis in this comprehensive, step-by-step course. Designed for project managers and professionals, this course will teach you how to manage and mitigate risks effectively, ensuring the success of your projects.Through hands-on lessons and real-world applications, you will learn to:Set up Primavera Risk Analysis software for efficient risk management.Master risk identification techniques using both qualitative and quantitative methods.Apply Monte Carlo simulations to forecast project outcomes and analyze risks.Develop and manage a Risk Register to track and mitigate potential project risks.Generate and interpret key reports like the Risk Matrix, Tornado Graph, and Critical Path Analysis to visualize risk impacts.Integrate risks directly into your project schedules for better decision making and project optimization.Learn how to implement risk strategies that help reduce delays and unexpected costs, ensuring that projects stay within scope, time, and budget.By the end of the course, you’ll be equipped to identify, assess, and respond to risks effectively, making data driven decisions that enhance project planning and execution. Whether you're new to risk management or looking to improve your skills, this course provides the practical knowledge you need to excel in any project and become an effective risk manager.

Overview

Section 1: Introduction

Lecture 1 Primavera Risk Analysis course structure

Lecture 2 Who Needs This Course?

Lecture 3 Benefits of Using Primavera Risk Analysis

Lecture 4 Overview of Primavera Risk Analysis

Section 2: Risk Management Life cycle

Lecture 5 Why Risk Management is Essential for Organizations?

Lecture 6 Risk Management Life Cycle

Lecture 7 Principles of Risk Management

Lecture 8 Understanding Risk, Hazard, and Threat

Lecture 9 Plan Risk Management

Section 3: Key aspects of risk management in project management

Lecture 10 Identify Risks

Lecture 11 Risk Identification Techniques

Lecture 12 Risk Assessment Techniques

Lecture 13 Plan Risk Response

Section 4: Basic Settings in Primavera Risk Anlaysis Software

Lecture 14 How to download and Install Primavera Risk Analysis Software

Lecture 15 Welcome window of Primavera Risk Analysis Software

Lecture 16 How to Create a new Project file in Primavera risk analysis Software.

Lecture 17 Basic Plan Information for the Project in Primavera Risk Analysis Software

Lecture 18 Plan Options Settings in Primavera Risk Analysis

Lecture 19 Calendar Settings in Primvaera Risk Analysis

Section 5: Project Planning and Scheduling in Primavera Risk Analysis

Lecture 20 Important Message for the Professionals

Lecture 21 Define WBS and Activities in Primavera Risk Analysis

Lecture 22 Enter the Plan Duration for each Activity

Lecture 23 Critical Path in Project Management

Lecture 24 CPM Calculation in Excel

Lecture 25 Assignment of Milestones in Primavera Risk Analysis

Lecture 26 Linking of Activities in Primavera Risk Analysis

Lecture 27 Relationship types, Lag and Lead

Section 6: Cost Estimation in Primavera Risk Analysis

Lecture 28 How to Define Resources list in Primavera Risk Analysis

Lecture 29 Assignment of Resources on Activities in Primavera Risk Analysis

Section 7: Quick Risk and Templated Quick Risk in Primavera Risk Analysis

Lecture 30 How to Export Primavera P6 XER file for Primavera Risk Analysis

Lecture 31 How to import Primavera P6 XER file into Primavera Risk Annalysis

Lecture 32 Schedule Check Report in Primavera Risk Anlaysis

Lecture 33 Duration Quick Risk in Primavera Risk Analysis

Lecture 34 Templated Quick Risk in Primavera Risk Analysis

Section 8: Simulation in Primavera Risk Analysis

Lecture 35 what is Simulation ?

Lecture 36 Monte Carlo Simulation in Project Management.

Lecture 37 Pearson’s Product Moment and Spearman’s Rank Correlation

Lecture 38 Duration Risk Analysis with Monte Carlo Simulations

Lecture 39 Cost Risk Analysis with Monte Carlo Simulations

Lecture 40 Resource Risk Analysis with Monte Carlo Simulations

Section 9: Correlation in Primavera Risk Analysis

Lecture 41 What is Correlation in Risk Management?

Lecture 42 Correlation in Primavera risk analysis

Section 10: Risk Factors in Primavera Risk Analysis

Lecture 43 How to define Risk Factors

Lecture 44 Assignment of Risk Factors

Lecture 45 Show the Risk Factors Sheet

Section 11: Risk Register in Primavera Risk Analysis

Lecture 46 What is Risk Register

Lecture 47 Risk Register in Primavera Risk Analysis

Lecture 48 Settings Risk Scoring for Risk Register

Lecture 49 Risk Breakdown Structure for Risk Register

Lecture 50 Qualitative Risk Register in Primavera Risk Analysis

Lecture 51 Detailed actions of mitigation for Risk Management

Lecture 52 Quantitative Risk Register in Primavera Risk Analysis

Lecture 53 Risk Matrix Report

Lecture 54 Risk Scoring Report

Lecture 55 Report Manager

Lecture 56 Integration of Risks with the Schedule / Build Impacted Risk Plan

Section 12: Reports after implementation of uncertainty on the Project

Lecture 57 Monte Carlo Simulation for the Pre-mitigated and Post-mitigated Plans.

Lecture 58 Distribution Analyzer Report

Lecture 59 Tornado Graph

Lecture 60 Scatter Plot Report

Lecture 61 Summary Risk Report

Lecture 62 Criticality Distribution Profile Report

Lecture 63 Criticality Path Report

Lecture 64 Probabilistic Cash Flow Report

This Risk Management using Primavera Risk Analysis course is perfect for beginners learning project risk management, intermediate professionals enhancing skills in delay analysis, cost control, risk identification, and risk mitigation, and advanced users applying Primavera Risk Analysis in real-world scenarios. Ideal for project managers, planners, and business professionals in industries like construction, IT, oil and gas, and manufacturing. Learn to manage, mitigate, and monitor risks effectively for successful project delivery and optimized outcomes.