Quantitative Risk Analysis

Workshop Overview

The course explores the Perform Quantitative Risk Analysis process by performing a numerical analysis of the effects of identified risks on overall project objectives, and prioritizing those risks in order to better plan the responses.  
Learning Objectives

  • Gain sound knowledge of numerical risk analysis tools and techniques
  • Understand and identify how to use tools and techniques in Project Management
  • Apply new concepts and techniques to academic and professional endeavors
  • Understand the concepts of sensitivity analysis and value information 

Course Outline

  • Project Scheduling
    • Critical Path Method
    • PERT/Cost
    • Crashing- Resource Leveling
    • Finance- Cash Flow Analysis
    • Time value of money
    • Cash flow discount
    • Investment selection
    • Capital budgeting 
  • Decision Making
    • Decision Context
    • Uncertainty
    • Sensitivity Analysis
    • Value Information
  • Statistics
    • Descriptive statistics  
    • Inferential statistics
    • Correlation
    • Simulation 

Course Duration

24 Hours 
Workshop Format

Interactive sessions matched with exercises and discussions. 
Intended Audience

Risk Managers, Risk Auditors, HSE Managers, Business Continuity Professionals, Chief Executive Officers, General Managers, Finance Managers, Portfolio Managers, Operations Managers, PMO Directors, Program Managers, Project Managers, Engineers and Planners, Information Technology Managers. 

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