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Online Courses Professional Development Project Management Primavera Risk Analysis - Step by Step

Primavera Risk Analysis - Step by Step

Created by: Stone River Elearning
5.0 1,085 views Prime
Last Updated 10/2023
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Overview

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Description

Quantifying schedule risk turns a deterministic plan into a realistic forecast, and this step-by-step course shows how to do it in Primavera Risk Analysis (PRA). Learners develop a complete risk model and run a full analysis, using concepts that scale from small to mega projects across all PRA versions up to 8.7.

The curriculum works through the quantitative risk register and risk register reports, building an impacted risk model, and running the analysis itself - then interpreting results using the distribution histogram, tornado chart, and distribution analyser. Outputs include the probability of achieving the deterministic schedule, the most likely completion date, and a range of probabilistic outcomes such as P10/P50/P90 for a project, activity, package, or scope. Further sessions cover weather risk events, percentage leads and lags, probabilistic links and branching, and Gantt chart formatting. A real-world risk analysis exercise (approx. 3 to 4 hours) includes a full answer session, and all reference material plus the exercise XER file are downloadable.

Schedules are assumed to import from Primavera P6, though Microsoft Project and Deltek files work too. Project managers, schedulers, project controls staff, engineers, and risk analysts need only basic knowledge of scheduling and risk, plus the PRA software - a trial is available from the Oracle E-delivery website.

System Requirements

See System Requirements in the Coggno Knowledge Base

Author

Stone River Elearning

667 Courses

Stone River Elearning specializes in Professional Development and Business Skills training, with a strong emphasis on IT & Software Development. Their catalog spans programming, data science, IT certifications, and design, while also covering leadership and communication. Courses are structured for learners at all levels, from beginner to advanced professionals. The training helps individuals gain high-demand skills to advance careers and supports corporate learning initiatives. Stone River is trusted worldwide for its practical and accessible digital learning solutions.

Primavera Risk Analysis - Step by Step

Primavera Risk Analysis - Step by Step
Primavera Risk Analysis - Step by Step

This course covers a comprehensive Step by Step approach for developing a Risk Model and Running a Risk Analysis in Primavera Risk Analysis. The course objectives cover all of the modelling concepts to successfully develop a project risk plan and subsequent risk analysis, ranging from small to mega projects.

The course content applies all versions of Primavera Risk Analysis up to Version 8.7.

If you are a Project Manager, Project Scheduler, Project Controller, Engineer, Cost Controller, Risk Analyst or anyone else who wishes to learn how to apply Primavera Risk Analysis, then this course is for you.

You could also be refreshing and enhancing your skills Software Packages and want to get up and running quickly.

By the end of the course, you will be able to model risks and duration uncertainty around a deterministic schedule.

We will be covering the typical steps required for performing a schedule risk analysis, using Primavera Risk Analysis or PRA.

You will learn how to provide:

  • The probability of achieving the deterministic schedule
  • The most likely completion date
  • A range of probabilistic outcomes (such as P10 / P50 / P90) for an overall project, specific activity, package or project scope

Is preferable, but not essential that all participants have a basic understanding of the principles of scheduling risk.

It is assumed that imported files will be from Primavera P6 but files can also be imported from Microsoft Project or Deltek.

All relevant reference material will be available for download, as well as the required Risk Exercise XER project file.

As with all of my courses, I provide a comprehensive real-world exercise (that I have personally worked on) for students to complete in their own time. Answers to exercise questions will be provided in a final session. I encourage all students to complete the exercise

 

 

What you’ll learn

  • Understand the Quantitative Risk Register
  • Understand Risk Register Reports
  • Build an Impacted Risk Model
  • Run a Risk Analysis
  • Analyse the Distribution Histogram
  • Analyse the Tornado Chart
  • Analyse the Distribution Analyser
  • Learn how to add Weather Risk Events
  • Understand how to apply Percentage Leads or Lags
  • Learn how to apply Probabilistic Links and Branching
  • Learn how to Format the Gantt Chart
  • Risk Analysis Exercise (Approx. 3 - 4 hours)
  • Risk Analysis Exercise Outcome and Answers

Course requirements or prerequisites

  • Basic Knowledge of Project Scheduling and Risk
  • Primavera Risk Analysis Software (Trial version can be obtained from the Oracle E-delivery website)

Who this course is for?

  • Project Managers, Engineers, Schedulers, Risk Analysts and Project Controls Personnel

Frequently Asked Questions

This course is designed for employees who need to complete Primavera Risk Analysis - Step by Step training

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 210 minutes to complete and can be paused and resumed at any time.

Yes. Learners receive a downloadable certificate upon successful completion, which can be used for compliance records and audits.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.