Quantitative Risk Schedule and Cost Analysis in Safran Risk
In this training, you will learn all aspects of a schedule risk analysis, with practical examples and cases, using Safran Risk. In addition to importing and checking a schedule, you add uncertainties and risks to the planning. You learn how to interpret the outcomes of the risk analysis and to present them in a correct way and to communicate them to a project team by, among other things, using distribution graphs and tornado graphs and scatter plots. Some other topics are the calculation of buffers, scenario analyses and weather calendars.
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Why this training
More and more clients want their projects to be properly analyzed, regarding the risks associated to them. Schedule and cost risk analysis can be essential input for contingency calculation or schedule optimization to end up with a robust schedule for executing the schedule.
Learning goals
- Assess schedule quality fit for risk analysis
- Build a risk register and uncertainty register
- Map risk and uncertainty onto the schedule
- Analyze the different outputs and optimize the schedule/risk profile
- Understanding and composing risk reports
Sections
- Import schedule and perform schedule check by using Schedule Best Practices
- Add uncertainties
- Drafting and/or importing of a risk register
- Execution and options of the risk analysis
- Reporting with distribution, tornado and scatter plot graphs
- Probabilistic cash flows, modeling of weather delay
- Pre- and post-mitigation schedules and other reporting options of Safran Risk
Learning method
Classroom training with exercises.
Target audience
Aspiring Schedule/Cost Risk analysts with scheduling and risk knowledge.
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