Primavera 501 Introduction to Project Risk Management

Provides hands-on training on Primavera Pertmaster (Risk Analysis), leading students through a risk management
methodology that includes: Schedule Review; Pre-Analysis Check; Build a Risk Model; Analyze and View;
Mitigate and Report. Students also participate in workshops to reinforce risk management fundamentals
and application functionality.

Targeted roles: Risk managers, schedulers
Course length: 3 days
Course level: Basic
Prerequisite: Fundamentals of project scheduling, knowledge of MS Windows

Professional Development and Continuing Education Units:

Earns 19.5 PDUs and 1.95 CEUs
PMI Program Number - 501

Course Outline

• Basic schedule and cost risk analysis theory
• Risk Methodology
• 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 Risk Register
• Integration with Primavera and Microsoft Project
• Cost & Resource Uncertainty
• Risk assessment templating
• Correlation
• Probabilistic Branching
• Risk Register (Risk Events)
• Response Planning – cost/benefit analysis
• Lab style workshop
• Applying risk analysis techniques