Managing Risk in Primavera Risk Analysis Course

Primavera Risk Register | Akim Engineering

Figure 1: Oracle Primavera Risk Analysis

This course provides training for Primavera’ s Risk Management solution. Participants will gain a thorough background in the basic concepts of risk management. Oracle Primavera Risk Analysis Training class leads you through examples of specific risk modeling techniques and provides a lab-style workshop on the end of every day to allow students to apply the learned techniques.

Professional Development Units: Earns 19.5 PDUs

Learn To

Primavera Risk Analysis Training | Akim Engineering

Figure 2: Primavera Monte Carlo Simulation

  • Use a Risk Register to assess risks qualitatively or quantitatively
  • Run a risk analysis
  • Use a Risk Register to propose, evaluate and justify mitigation
  • Track planned mitigation with rest of the project


Course Objectives

Primavera Risk Register | Akim Engineering

Figure 1: Oracle Primavera Risk Analysis

  1. Apply a risk assessment to a project schedule, resources and costs
  2. Interpret, communicate and justify a risk analysis to the project team, management and stakeholders
  3. Use risk management to improve your project management
  4. Set targets and contingency, set corporate and customer expectations
  5. Track planned mitigation with rest of the project


  • End Users
  • Project Manager
  • Functional Implementer
  • Business Analysts
  • Planners and Schedulers

Suggested Prerequisites

  • Fundamental Project Management knowledge
  • Knowledge of Windows

Course Topics

  1. Basic schedule and cost risk analysis theory
  2. Using three-point estimates for activities
  3. Running a quantitative risk analysis
  4. Understanding results (histograms, tornado charts)
  5. Understanding project drivers (duration sensitivity, criticality)
  6. Integration with Primavera
  7. Cost & Resource Uncertainty
  8. Risk assessment templating
  9. Correlation, Probabilistic Branching
  10. Risk Register (Risk Events)
  11. Risk analysis techniques
  12. Response Planning
  13. Cost/Benefit analysis

Course Contents

  1. Introduction to Primavera Risk Analysis
    • What is Pertmaster?
    • Primavera Risk Methodology
  2. Overview and Navigation
    • Describe the benefit of quantitative risk analysis
    • Provide a general description of the Pertmaster risk methodology
    • Navigate the Primavera Risk Analysis screen
  3. Understanding Risk
    • Identify two kinds of project risk
    • Describe how risk an impact a project
    • Discuss schedule types and the risk implications of each
    • Explain how Primavera Risk Analysis handles uncertainty and risk events
  4. Schedule Review
    • Explain the importance of a schedule review
    • Describe scheduling issues that might compromise a risk analysis
    • Perform a schedule review
  5. Pre-Analysis Check
    • Describe the purpose of the pre-analysis check
    • Use Duration Quick Risk to add uncertainty to a project
    • Run a project risk analysis
    • Use the Duration Graph to review analysis data for the entire project and for individual tasks
    • Use the Tornado Graph to identify and validate project drivers
  6. Applying Duration Uncertainty
    • Use three methods to apply duration uncertainty to a project
    • Define a new task user field in the project plan
    • Format and add a new column to the Gantt Chart view
    • Configure a template for use with Templated Quick Risk
  7. Task Existence / Existence Probability
    • Define task existence and existence probability
    • Insert a new task into a project schedule
    • Configure links between tasks using Task Details
    • Assign existence probability to a task using Task Details
    • Assign a existence probability to a task using a column in the Gantt Chart view
  8. Basic Probabilistic Branching
    • Define basics of probabilistic branching
    • Configure relationship between project activities using the Links tab in Task Details
    • Use the Risk and Uncertainty tab and the Probabilistic Branch sub-to assign probabilities to different branching links
  9. Advanced Probabilistic Branching
    • Define probabilistic branching
    • Configure relationship between project activities using the Links tab in Task Details
    • Use Risk and Uncertainty tab and Probabilistic Branch to assign probabilities to different branching links between tasks
  10. Risk Register
    • Use the Risk Register to record probable risks and their qualitative schedule and cost impacts
    • Map risks to the specific project tasks that they will impact
    • Quantify risk impacts and make changes to individual impacts on specific project activities
    • Document a mitigation response to each risk
    • Fine-tune the effects of mitigation on risk impacts
    • Build pre and post mitigated risk-impacted project plans
  11. Correlation
    • Define correlation
    • Use a scatter plot to illustrate correlation
    • Use the Risk and Correlation Summary dialog box to set correlation between two tasks whose risks are related
    • Explain the Central Limit Theorem
    • Use the Distribution Analyzer to view S-Curves
    • Use correlation to compensate for the Central limit Theorem
  12. Resource and Cost Uncertainty
    • Use Plan Options to set a plan’s currency symbol
    • Use the Resource dialog box to define a resource and its cost uncertainty distribution
    • Use the Resource Uncertainty sub-tab in Task Details to assign uncertainty to a task’s resource allocation
  13. Analyze and Mitigate
    • Use the Distribution Analyzer to compare S-Curves generated from multiple risk analysis
    • Determine where to focus mitigation efforts using the Tornado Graph
    • Use Risks display mode in the Tornado graph to see which risks have the most impact on project duration and cost
    • Build and format a P-Schedule

Key Features of Primavera Risk Analysis Training

Risk is Everywhere

Risk is Cumulative

Build a Risk Model


Risk Register

Risk Analysis and the Critical Path

Mitigate and Report

What Type is Your Schedule?

Realistic / Most Likely Schedules

Aggressive / Optimistic Schedules

Cautious / Pessimistic Schedules

Scale to Fit Schedules

Schedule Check Report

Distribution Graph

Tornado Graph

Duration, Cost, Criticality Sensitivity

Scatter Plot

Central Limit Theorem

Risk Scoring and Risk Matrix

Recommended Related Training Courses: Advanced Project Management in Oracle Primavera P6

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We Deliver Oracle Primavera Trainings in many Different Formats

Primvera Online Training Akim Engineering Live Instructor-Led Online Trainings

Online training will be delivered through internet by using Zoom, Webex, Teams, etc.. Instructor will be online during training time and broadcasting Primavera course. All attendants will watch lectures and follow the presentations from instructor screen live while participating in their own computer, so they will have a chance to practice as well. Training is performed in interactive way, so trainees can ask questions and get answer anytime.

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Customer may choose to invite instructor to their own office. Onsite Primavera trainings may be performed anytime and anywhere depending on client needs.On demand training can also be customized according to prefrences of the client. We are travelling to all around the world including construction sites to provide primavera courses. It is charged by group.

Oracle Primavera Public Course - Akim EgineeringOpen Trainings are available in Public Classroom for Everyone

Public trainings are delivered every month periodically in different cities. In class Primavera trainings are open for everyone who wants to attend. Please contact us and learn upcoming primavera course schedule date, time and locations. It is chagarged by person. Limited seats are available and maximum 12 people allowed in a classroom.

Oracle Primavera Courses are delivered either Online, Onsite or in Classroom depending on customer choice

Online Instructor-Led (live) Oracle Primavera Training

Online instructor-led live Primavera trainings are performed through Zoom, Webex, Microsoft Teams or such platforms by sharing trainers screen and voice simultaneously. Trainees are not required to have Primavera P6 license. Before the Primavera online training day, Primavera P6 and sample projects are installed on all attendants’ computers for educational purpose temporarily. Everyone simultaneously watches and listens to live instructor screen and voice while practicing their own computer. Computer speaker and microphone is required, webcam is not necessary. Primavera Trainer will be online like everyone attending the Primavera online class, so training is delivered in interactive ways. There will be both verbal and written communication between Primavera lecturer and students during training. Everybody in the online Primavera class can ask questions and get answers immediately.

Online trainings are performed every month for all levels. Planned Online Primavera training calendar for following months is announced earlier and registrants are signed up to join. Total course hours may vary depending on training types. Online trainings are delivered on either daytime or nights. Attendants can choose any date and time which is more convenient for them. For instance, training at nighttime may be more suitable for people who works during day.

Online Primavera training is best for companies and individuals who wish to get Primavera training at their comfortable environment like home or office with ease. Especially online night-time classes which starts after work time is extremely popular. No travel required. No social distance violations in pandemic conditions at all. All you need is an internet connection and computer. It is not required but recommended to have a second screen like additional monitor, tv, or even tablets help students to follow trainer and work on Primavera in their computer at the same time. Standard Primavera course curriculum are applied. Electronic documents, case studies, sample projects are given to all trainees. Professional development units (PDU) and successfully completion certifications by official Oracle Partner is provided.

Onsite Oracle Primavera Training

On site trainings are designed for companies who wish to receive training in their office as a specific group. On-site trainings are also planned on demand, so you can contact any time and request Primavera training at your location. Training content may also be modified according to your needs and preferences. Primavera trainings are tailored to meet exactly your expectations and teach the parts & functionalities that you are mostly focusing on. Primavera course subjects and topics may be defined together, and moreover all training contents can be customized for your priorities and offered the best service that help you to succeed on your project. You may add or remove any Primavera training subject to your course event. Training date and time are scheduled by client, and course calendar is aligned completely depending on customers availability and choices. Customer decides the number of attendants for Primavera on-site training. Maximum 15 people are recommended unless any exceptions or special cases are informed. Client provides the meeting room and provides other required equipment as well. All attendants bring their laptops. Primavera license is not required. Primavera P6 installation for educational purpose is temporarily provided. Electronic documents, case studies, sample projects are given to all trainees. Professional development units (PDU) and successfully completion certifications by official Oracle Partner is provided.

Onsite Primavera training is best for clients who wish to get Primavera training in their own office location or in their working site, on the specific date/time, with the course content which can be customized/modified to align needs, and as a specific group of people in same company that are chosen by manager or Primavera training organizer from human resources department.

In Classroom Oracle Primavera Training

In classroom trainings are held in predefined venues that are located in central location in various cities worldwide. The classroom equipped with student desks, whiteboard, projectors, and Primavera installed computers. Therefore, no need to carry and bring laptops. Anybody does not have to own a Primavera license or installed computer either. It is provided by AKIM Engineering. In classroom public trainings are open for anyone who wish to join and learn Primavera. Public class trainings are usually planned for every month and published through AKIM Engineering website and social media channels and announced accordingly. Primavera training classrooms have limited seat availability in order to provide learning efficiency. Maximum 12 people are allowed for each class. Both attendants from various companies and individuals sign up and register for the class at least one week earlier than scheduled open training date.

Primavera training in classroom is best for individual professionals who needs to learn project management and planning skills in Primavera for career/personal development and who wants to join the open public classroom trainings. All confirmed registrants are show up and get ready on the day and time of announced training. Coffee/tea and cookies are provided on the break times, and snacks, soft drinks are complimentary as well. Electronic documents, case studies, sample projects are given to all trainees. Standard Primavera course curriculum are applied. Professional development units (PDU) and successfully completion certifications by official Oracle Partner is provided. Note: Due to pandemic conditions in worldwide, open classroom trainings are suspended temporarily for your health and safety. Primavera Classroom trainings turned into online live instructor led classes with the same content. Please contact us for more information and any special inquiries.