Expert training

Probabilistic planning

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A probabilistic approach to planning means that risks and uncertainties are taken into account when scheduling and budgeting a project. Typically, Monte Carlo simulation is used as a technique to calculate the impact of these uncertainties on the plan. This course takes a tool-agnostic approach towards cost / schedule risk analysis. A tool specific training is recommended as follow-up.

  • 8 hours
  • Online or classroom
  • 625€ per person
  • No experience
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Stijn Van de Vonder

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Why this training

Any project is subject to risks & uncertainties. When planning a project, it is thus wise to take them into account. A probabilistic approach is doing exactly this. Because of the multitude of Monte Carlo simulation tools on the market, a tool agnostic approach has been chosen for this training.

Learning goals
  • Fully understand the ins and outs of probabilistic planning and its quality criteria
  • Assume an important role in probabilistic planning (without actively controlling the buttons)
  • Learn any tool for probabilistic scheduling & planning very effectively
  • About Probabilistic Planning
  • Input and Quality Check
  • Creating the Risk Model
  • Running a Risk Analysis
  • Output & Reporting
  • Special Topics
Learning method

Classroom teaching with many interpretation exercises.

Target audience

Project controls engineers that have a very good basis in scheduling and a basic understanding of risk management. An affinity with statistics is highly recommended.

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Stijn Van de Vonder

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Stijn Van de Vonder