Primavera Risk Analysis (Pertmaster) Training.

Explore what risk means in project management, including uncertain events that affect scope, cost, and quality, and identify sources of risk and the distinction between opportunities and threats.

Learn risk analysis terms such as point estimates and triangular estimates, apply optimistic, most likely, and pessimistic values via the PERT formula, and explore what-if analysis and Monte Carlo simulation.

This lecture offers a general overview of the Primavera risk analysis tool, showing how to model risks, predict cost, and follow five steps to run and review the analysis.

Explore the Primavera Risk Analysis tool interface, including the menu ribbon, left shortcuts, data columns, and the central Gantt chart, to manage projects and plan risk and reports.

Explore the file menu in Primavera risk analysis (Pertmaster) training, including new, open, close, save, save as, import from Primavera or Microsoft Project, export to various formats, and print options.

Explore the edit menu in Primavera Risk Analysis software, using undo/redo, cut/copy/paste, delete or dissolve tasks, link or unlink relationships, split tasks, rename IDs, and find tasks.

Explore the view menu in Primavera Risk Analysis (Pertmaster): manage workspaces and sheets, add views, configure risk inputs, apply filters and rules, synchronize time scales, and export contents to CSP.

Use the insert menu to add a new task view or sheet, insert rules, and place text boxes or pictures in the workspace; double-click to edit text.

Learn to use the format menu in Primavera Risk Analysis (pertmaster) to customize the time scale and columns, and format the gantt chart, baselines, downtime, links, risks, and resource graphics.

Explore the plan menu to view plan information with start, data, and finish dates, set baselines, manage calendars and resources, adjust planning units and preferences, and load costs from Excel.

Explore the risk and reports menu options in Primavera Risk Analysis, learn to run risk analyses, build a risk register, and review distribution and tornado graphs in reports.

Explore the tools, window, and help menus to customize the interface, set default settings and backups, arrange multiple plans, and access tutorials, samples, and software updates.

Import schedule and project files into Primavera Risk Analysis via the file menu, configuring planning unit, tasks, and resources. Save files separately, since risk analysis runs as a standalone system.

Open the import log from the reports menu to review the imported project's title, file name, and plan finish date. Check for warnings or errors before risk analysis.

Run the schedule validity check to verify risk analysis data, select checks, and review reports for constraints, out-of-sequence progress, and negative floats, ensuring realistic results.

Load duration uncertainty for individual activities by setting minimum and maximum durations around the most likely value, using a triangle distribution (e.g., minimum 14 days, most likely 15, maximum 18).

Learn to apply duration uncertainty to all tasks in a Primavera risk analysis plan using a triangle distribution, defining minimum, most likely, and maximum values in one go.

Group activities by risk level, define a custom risk level field, and apply a templated quick risk distribution to high, medium, and low risk tasks in Primavera P6.

Run risk analysis to simulate project end dates by sampling random durations from defined activity ranges. Set thousand iterations and choose a distribution graph to view end-date ranges and reports.

Explore the distribution graph in Primavera risk analysis, interpreting data, probabilities and durations to assess end dates and activity completion with 50% and 80% confidence levels.

Discover how the tornado diagram in Primavera Risk Analysis reveals top duration drivers and their correlation with project duration, highlighting the criticality index and crucial activities to finish on time.

Explore how a scatterplot reveals the correlation between two variables in Primavera Risk Analysis, using examples like activity duration and project finish to assess correlation coefficients, including Spearman.

Learn to identify risk events beyond duration uncertainty and capture them in a standardized risk register, then analyze, track, and mitigate risks throughout the project.

Learn how to perform qualitative risk analysis in Primavera Pertmaster by scoring risks with probability and impact, defining scales, categorizing into low, medium, and high, and creating mitigation plans.

Learn to formulate risk responses in Primavera Risk Analysis by selecting mitigation strategies—avoid, transfer, reduce, or accept—update the risk register, and measure post-mitigation scores toward green.

Learn to create pre-mitigated and post-mitigated risk scenarios in Primavera, assign and model risks to activities, and compare plans to understand impacts on project activities and milestones.

Learn quantitative risk analysis in Primavera by defining risk owners, causes and effects, linking risks to activities, and modeling post-mitigation scenarios with triangular or uniform distributions.

Explore distribution analyzer in Primavera risk analysis to compare multiple plans, run risk analysis, view finish date distributions, and evaluate mitigation scenarios with probabilities and penalties.

Learn to model cost risks in Primavera risk analysis by defining expenses resources, assigning them to activities with units, and applying spread loading to plan the budget.

Learn to create calculated value columns for resource costs in Primavera Risk Analysis, assigning minimum, most likely, and maximum costs to activities and reviewing risk and uncertainty.

Explore resource risk in Primavera risk analysis by selecting a resource, defining uncertainty distributions (min 90, max 110), and applying duration and cost risks to plan activities.

Analyze and manage cost risk in a Primavera risk analysis session by assigning cost distributions to tasks, running the distribution analyzer, and interpreting outcomes with 50% and 80% confidence.