“What can possibly go wrong in this project?” This is always the question in the mind of every smart Project Manager (PM) when handed the charter for kick off. The PM proceeds to planning hoping to uncover these risks as every project must come with it’s own share of uncertain events. It is one thing to uncover the risk, it’s another thing to see, model and prevent the probabilistic impact of the risk on the two most important variables in every project – schedule and cost.
Most project planning depends on deterministic estimate – no wonder the huge amount of project failures. In other to champion successful projects again and again, a PM needs to acquire the vital skill of Project Risk Modeling and Analysis:
Why should I participate?
- To make accurate decision, as it is difficult for numbers to lie: This eliminates gut feel decision and rely on pure statistic.
- To integrate probabilistic modeling in all future plans hence provide a real life scenario during simulations.
- To be able to adequately explain the incorporated S curves in all reports
- To be able to formulate an action solution that will inspire the project team
- Of course, to be indispensable to your bosses (why else would you invest in acquiring knowledge)
Topics covered:
- PI Matrix
- Risk Scoring and Ranking
- Correlation
- Monte Carlo Analysis
- Lattice Cube Analysis
- Tornado Diagram
- Confidence Interval determination
- Frequency Graphs
- The S Curve
Schedule
Time: 10.00am – 6.00pm
Date: 17th August 2014
Venue: The Pent House, 125A Apapa Road, behind Skye Bank, Costain
Fee: N85, 000 FREE
Prerequisite for Free Training
*Participants must attend either our MS Project Workshop here OR Primavera P6 Workshop here
Note: This is on a first come, first serve basis as we have only 4 seats available for this promo. Willing participant must have paid full amount for the aforementioned prerequisite course.
