Every time a problem appears in a project, we must be able to say that I anticipated this problem, that we have a plan and we can solve the problem. Time and money can be saved, avoiding stress by applying the principles of Risk -eliminating uncertainties, identifying and analyzing risk in order to increase the probability of developing opportunities and lowering the probability of threats, developing a graphic works more real by including risks.
- Duration: 3 days , 6h of study/day
- Methodology: presentation of theoretical concepts followed by practical examples prezentarea conceptelor teoretice urmata de exemple practice modeled with Primavera Risk Analysis tool.
- Location: Onsite, Infinity Business Center HQ or online
For
- Project managers, project planners, project engineers, end users
Benefits
- Getting a full risk register
- Making a real contingency budget, no empirical one
- Getting a confidence degree in completing the project in planned time and budget planned
- Creating a work schedule with a high degree of confidence by introducing risks and uncertainties
- More laborious analysis of critical path by including all possible depending on the degree of confidence
- Project managers and Project team stress reduction during project execution
What you will learn
- What is the risk and how to identify it
- How to design qualitative and quantitative risk analysis (Monte Carlo analysis)
- How dedicated tools can be used (Primavera Risk Analysis)
About the trainer
Eng. Alina IVANOVIC
- Graduate of I.M.S.T. within Politehnica Bucharest with a Masters in Project Management at the Faculty of Civil Engineering of UTCB
- Project & Risk Management expertise, in all stages of Oil & Gas and Construction projects (concept, engineering, procurement, construction, testing and closing), covering roles like:
- Team Lead Project Services for the entire Siemens portfolio
- Risk Manager for OMV Petrom projects
- Project Planner for OMV Petrom projects
- Trainer CA Clarity PPM for OMV Petrom
- Advanced user of Oracle Primavera EPPM and Risk Analysis
Course structure
Basic risk management concepts:
- Risk management process – project management area of expertise
- Risk management plan
- methodology
- defining roles and responsibilities
- budgeting the risk management
- risk categories (Risk Breakdown Structure)
- probability/impact matrix
- instruments and techniques
- report formats
What is risk – threats and opportunities:
- Risk identification
- techniques for obtaining data (brainstorming, Delphi method, interviews, SWOT method)
- diagramming techniques (Ishikawa cause and effect diagram, process diagrams, influence diagrams)
- risk register
- Qualitative analysis of risks
- probability/impact matrix, creating a risk hierarchy
- evaluating risk criticality
- tools and techniques
- Quantitative analysis
- Monte Carlo simulation
- distribution probabilities, asymmetric distributions
- sensitivity analysis, analysis of the expected monetary value, decision tree analysis
- realization probability, reference probabilities
Advanced risk management concepts:
- Planning the risk response
- strategies for risks with negative impact (avoidance, transfer, acceptance)
- strategies for risks with positive impact (exploitation, sharing, intensification, acceptance)
- contingency strategies
- “what-if” scenarios
- cost-benefit analysis
- cost management, probabilistic cash flow
- Risk monitoring and control
- risk re-evaluation
- risk audits
- performance measurement
- reserve analysis
- preventive and corrective actions
Case studies and practical exercises to cover the whole risk management process
- Correlation of theory and practice
- workshops on applied risk, possibly by using the data of the client
PMI, PMP and PMBOK are registered mark of the Project Management Institute, Inc.
