Practical PMI-RMP with Oracle Primavera Risk Analysis

Practical PMI-RMP with Oracle Primavera Risk Analysis

 

Practical PMI-RMP with Oracle Primavera Risk Analysis

 

Why this Course?

The Risk Management Professional (RMP®) certification from PMI® is widely accepted as the global benchmark to recognize proficiency in Project Risk Management. However, the Practice Standard for Project Risk Management, on which the RMP certification is based, is theoretical. In the real world, while theory is important, it is equally important to know the practical aspect, i.e., how to apply the risk management practices and principles in a practical way.

 

Also, many risk or project management professionals use various tools such as Microsoft Project or Oracle Primavera, to create project plans and for risks, use a different tool. But they are not for complete risk management or risk analytics.

 

For example, in real life, you need to know:

1. How to create a Risk Register and have the risk governance parameters for analysis?

2. How to create Risk Breakdown Structure or perform risk probability and impact assessment?

3. How to perform Risk Sensitivity Analysis such as Monte Carlo analysis, tornado diagram?

4. How to conduct risk response planning with various strategies for negative and positive risks?

5. How to continuous find the effectiveness of your risk responses?

 

How this course helps?

In all these cases, our course Practical RMP with Primavera Risk Analysis helps both a risk management professional and also a project management professional.

Primavera Risk Analysis (PRA) from Oracle is a widely used risk management tool to manage large scale, multifaceted project risks and conduct detailed risk analytics. It covers the entire Risk Management lifecycle – Plan Risk Management, Identify Risks, Qualitative Risk Analysis, Quantitative Risk Analysis, Risk Response Planning and Control Risks.

This program not only covers the 5 major processes, various tasks, knowledge and skills as needed to be Risk Management Professional, but also helps to integrate with scope management, schedule management, cost management at all.

In Short: Practical RMP with Primavera Risk Analysis is combination of theory - from Practice Standard for Project Risk Management and practical - with Oracle Primavera Risk Analysis software. In addition, this course is synchronized with PMBOK Guide, 5th Edition.

Who can attend this course?

Indicative roles and people who should attend this training program are:

 

  • Risk Managers
  • Risk Management Professionals
  • Project Managers
  • Project Sponsors
  • Project Engineers
  • Project Coordinators
  • Planning Managers
  • Planning Engineers
  • Project Cost Control Engineers
  • Quantity Surveyors
  • Civil Engineer
  • IT Project Managers
  • Product Manager
  • Business Analyst
  • Project Leaders
  • Project Co-ordinators
  • Team Leaders
  • Team Members

This course will provide value to all those who are seeking RMP® certifications along with Practical knowledge of Oracle Primavera Risk Analysis and theoretical applications from the Practice Standard for Project Risk Management published by PMI.

Products covered

  • PMBOK5 – Project Risk Management knowledge Area
  • PMI – Best practice standards for Project Risk Management
  • Oracle Primavera Risk Analysis R8.7.X

Duration

5 days (40 Hours)

Course Eligibility

  • PMBOK5 Foundation knowledge
  • Basic IT knowledge

 

Course Program

Module – 1: Introduction to Practical RMP Certification Course:

  • PMI-Project Risk Management Standard:
  • Introduction – Practical RMP with Primavera Risk Analysis
  • What are RMP and Standard for Risk Management
  • Pre-requisites, Exam Syllabus, Exam Pattern – RMP
  • PMI Contact Details
  • Oracle Primavera Risk Analysis:
  • Primavera Risk Analysis from Oracle
  • Pre-requisites to use the software
  • Software Details (installation, configuration, compatibility)

Module – 2: Practical RMP – Risk Management Framework

  • PMI-Project Risk Management Standard:
  • Purposes of Practice Standard for Risk Management
  • Project Risk Management Definition
  • Roles of Project Risk Management in Project Management
  • Good Risk Management Practices
  • Critical Success
  • Types of Risks
  • Oracle Primavera Risk Analysis:
  • Primavera Risk Analysis First View
  • Understanding various menus – File, View, Insert, Plan, Risk, Reports, Tool
  • Importing/Exporting MS Project (.MPP) files
  • Importing/Exporting Oracle Primavera P6 (XER) files
  • Checking Import Log
  • Hands on Practical
  • Quiz Questions

Module – 3: Practical RMP – Risk Management Principles and Concepts

  • PMI-Project Risk Management Standard:
  • Definition of Project Risk
  • Individual Risk and Overall Project Risk
  • Stakeholder Risk Attitudes
  • Iterative Process
  • Communication
  • Responsibility for Project
  • Role of Project Manager
  • Oracle Primavera Risk Analysis:
  • Individual and Overall Risks
  • Creating a plan for Risk Management
  • Understanding risks in the plan – Risk Inputs and Risk Outputs
  • Primavera Risk Analysis Gantt
  • Logic Trace
  • Gantt and Sheet

 

  • Hands on Practical
  • Quiz Questions

Module – 4: Practical RMP – Introduction to Risk Management Processes

  • PMI-Project Risk Management Standard:
  • Project Risk Management and Project Management
  • Project Risk Management Processes
  • Oracle Primavera Risk Analysis:
  • Analyzing and building on Primavera Risk Analysis Gantt
  • Project Risk Management processes with Primavera Risk Analysis

 

  • Hands on Practical
  • Quiz Questions

Module – 5: Practical RMP – Plan Risk Management

  • PMI-Project Risk Management Standard:
  • Purpose and Objectives
  • Critical Success Factors
  • Inputs, Tools and Techniques and Outputs
  • Risk Statement “Metalanguage”
  • Risk Management Plan – Purpose and Typical Content
  • Templates
  • Documenting the Results of the Plan Risk Management Process
  • Oracle Primavera Risk Analysis:
  • Risk Governance Parameters
  •  Risk Scaling
  •  Risk Matrix
  • A sample Risk Management Plan (MS Word Format)

 

  • Hands on Practical
  • Quiz Questions

Module – 6: Practical RMP – Identify Risks

  • PMI-Project Risk Management Standard:
  • Purpose and Objectives
  • Critical Success Factors
  • Inputs, Tools and Techniques and Outputs
  • Risk Breakdown Structure (RBS)
  • Risk Register
  • FMEA/Fault Tree Analysis, Delphi Technique SWOT, Info Gathering, Diagramming, Assumptions & Constraint analysis
  • Documenting the Results of the Identify Risks Process
  • Oracle Primavera Risk Analysis:
  • Creating the Project Plan for risk management
  • Risk Breakdown Structure
  •  Risk Register Creation and View
  • Constraint Analysis, Schedule Check
  • Applying  SWOT Analysis

 

  • Hands on Practical
  • Quiz Questions

Module – 7: Practical RMP - Perform Qualitative Risk Analysis

  • PMI-Project Risk Management Standard:
  • Purpose and Objectives
  • Critical Success Factors
  • Inputs, Tools and Techniques and Outputs
  • Probability and Impact Matrix (P-I Matrix)
  • Root Cause Analysis
  • Risk urgency assessment
  •  Document the Results of the Perform Qualitative Risk
  • Oracle Primavera Risk Analysis:
  • Risk Scoring based on P-I matrix
  • Defining Probability and Impact
  • Qualitative Risk Register

 

  • Hands on Practical
  • Quiz Questions

Module – 8: Practical RMP – Perform Quantitative Risk Analysis

  • PMI-Project Risk Management Standard:
  • Purpose and Objectives
  • Critical Success Factors
  • Bias in Risks and Unbiased Data
  • Inputs, Tools and Techniques and Outputs
  • Expected Monetary Value (EMV)
  • Decision Tree Analysis
  • Monte Carlo Simulation
  • Documenting the Results of the Perform Quantitative Risk Analysis Process
  • Oracle Primavera Risk Analysis:
  • Various probabilistic distributions
  • Quantitative Risk Register
  • Monte Carlo Simulation
  • Hyper Cubic Simulation
  • Tornado Chart/Diagram
  • Histogram Analysis

 

  • Hands on Practical
  • Quiz Questions

Module – 9: Practical RMP – Plan Risk Responses

  • PMI-Project Risk Management Standard:
  • Purpose and Objectives
  • Critical Success Factors
  • Risk Response Strategies
  • Inputs, Tools and Techniques and Outputs
  • Contingency Planning, Contingency Reserve Estimation
  • Critical Chain Method (CCM)
  • Documenting the Results of the Plan Risk Responses Process
  • Oracle Primavera Risk Analysis:
  • Various Risk Response Strategies
  • Mitigation strategies – Pre and Post mitigation
  • Very Critical, Critical and Near Critical Activities
  • Critical Chain Method (CCM)
  • Risk Register Post Response planning

 

  • Hands on Practical
  • Quiz Questions

Module – 10: Practical RMP – Control Risks

  • PMI-Project Risk Management Standard:
  • Purpose and Objectives
  • Critical Success Factors
  • Inputs, Tools and Techniques and Outputs
  • Reserve Analysis
  • Risk Audit
  • Trend and Variance Analysis
  • Tracking Trigger Conditions and Overall Risk
  • Documenting the Results of the Control Risks Process
  • Oracle Primavera Risk Analysis:
  • Monitoring and Updating Risk Register
  • Risk Trigger Condition
  • S-Curve Analysis
  • Risk adjusted Earned Value Management (Risk adjusted EVM)
  • Review changes in Risk Exposure – Pre and Post Mitigation Exposure

 

  • Hands on Practical
  • Quiz Questions

Module – 11: Practical RMP – Tip and Tricks

PMI-Project Risk Management Standard:

  • Various Tips and Tricks on Risk Management

Oracle Primavera Risk Analysis:

  • Various Tips and Tricks on Primavera Risk Analysis