WORKSHOP OVERVIEW

Attendees will demonstrate the principles of project scheduling from simple forward pass / backward pass and early dates to advanced use of logic for open ends, constraints, resources, calendars, and statusing. They will show methods of schedule problem diagnoses and discover scheduling principles to critical path, total and free float, and horizontal and vertical traceability. The scheduling portion ends by introducing a scheduling best practices document free for use. The course shows these principles using classroom exercises (conducted between class sessions and discussed in class). They will be able to understand project schedule and cost risk analysis concepts. The course presents the issues and techniques for collecting high-quality quantitative risk analysis data using confidential interviews. Attendees will understand fundamental issues of the merge bias, distinction between uncertainty that is implemented with ranging of activity remaining duration and discrete risk events that can be represented by Risk Drivers. Probabilistic and conditional branching are discussed. Integrated cost-schedule risk analysis is presented within a model of schedule risk analysis maturity. The attendees will complete several case studies by hand, each illustrating in simple terms an important principle just presented. Screen images from Primavera P6, Primavera Risk Analysis, Polaris and Safran Risk are presented. Demonstrations of Primavera Risk Analysis and Safran Risk present the principles of Monte Carlo simulation. Case study files are available so the attendees can implement the case studies on their own software (between class sessions). This course covers parts of the Project Schedule Management knowledge area and the Perform Quantitative Risk Analysis process of the Project Risk Management knowledge areas of the PMBOK® Guide and AACE International’s Recommended Practice 57R-09 Integrated Cost and Schedule Risk Analysis using Risk Drivers and Monte Carlo simulation of a CPM Model (revised 2019).

KEY BENEFITS OF ATTENDING

• Find out how much contingency of time would be needed as opposed to relying on a project schedule alone
• Determine how much contingency of cost including the impact of schedule on cost is needed
• Understand the basic of scheduling compliant with best practices and to identify scheduling problems needing attention
• Learn why the Risk Register is usually incomplete and how to complete it using confidential risk interviews
• Learn about Monte Carlo simulation and how to interpret the result of a simulation
• Learn about the benefits of using the Risk Drivers method to model the effect of root cause risks on the schedule
• Learn how to prioritize the risk to prepare for the risk mitigation workshop

WHO SHOULD ATTEND

• Project Control Managers
• Scheduling Managers
• Risk Managers
• Cost Estimators

COURSE FEE

SGD 2,595 per delegate (Special rate for online training only)
SGD 4,195 per delegate (Original classroom fee)
Request For Brochure Register Now