Duration: 2 full days
Minimum of 6 people and maximum of 15
The "Introduction to Quantitative Project Cost and Schedule Risk Analysis" course is designed to help those who wish to apply quantitative risk analysis modeling to project planning and cost estimation problems.
Duration: 3 full days
The course familiarizes you with risk analysis modeling environments (in this case @Risk or CrystalBall with Excel, but the lessons apply equally well to other modeling environments). The course will give you the ability to conduct, present and critique financial risk analysis that uses the latest methods. Concepts and topics covered in this course include the fundamentals of model building, probability theory, Monte Carlo simulation (using @Risk/CB or alternative modeling environments), using expert opinion, times-series modeling, including risk in NPV analysis and real option analysis.
Analyzing the time to complete a project using project planning tools nearly always underestimates the time to completion. It is not the fault of the software or of the analysts, but of the use of 'best guess' values for task durations, etc. in the project plan. Risk analysis will allow you to avoid systematically underestimating project costs and durations.
The project risk analysis course is designed to help those who wish to apply quantitative risk analysis modeling to project planning problems.
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EpiX Analytics was founded in 2003 in Princeton, NJ under the Vose Consulting name, and among its offerings it included specialized software to perform Monte Carlo simulations. Read More >>