If you want to learn from subject matter experts, have an in-depth understanding of probabilistic project valuation methods, risk-based decision-analysis methods and project risk analysis and management process, then this workshop is for you.

The EnRisk Decision Analysis Workshop offers a combination of theoretical knowledge with hands-on know-how of decision analysis, project risk management process flow from risk identification, quantitative and qualitative risk assessment to risk response planning and monitoring.

This interactive course is designed to appeal to a wide range of professionals with legal, technical and commercial backgrounds with varying levels of experience seeking insight to a broad range of decision strategies and project qualitative and quantitative risk analysis.

It is a two-day workshop, 7 hours per each day. Classroom size is limited to 25 people.

COURSE TOPICS

The workshop examples and references will be tailored to your company’s specific needs, based on the industry, which include but not limited to oil and gas mega project (on-shore and off-shore), alternative energies, water treatment plants, transportation mega projects…etc.

• History of Uncertainty, Probability, & Risk
• Definition of Risk Based on Various Standards and Guidelines
• Sources of Risks in Projects
• Risk Identification Methods; Risk Register
• Qualitative and Semi-Quantitative Risk Assessment Methods
• Review of Quantitative Risk Assessment
• Decision Trees and Value of Information
• Background Statistics, and Common Distributions
• Monte Carlo Simulation (@RISK, ModelRisk, Crystal Ball, Safran…)
• Integrated Cost-Schedule Risk Analysis
• Developing a Model with Industry Specific Example
• Examination and Interpretation of Simulation Results
• Sensitivity Analysis and Tornado Chart
• Cost and Schedule Contingency Calculation
• Risk Response Methodologies
• Judgment Under Uncertainty; Heuristics and Biases

WHO SHOULD ATTEND?

This workshop is beneficial to individuals and teams who are responsible for building their company’s internal project risk assessment and risk management quality capabilities. Many participants attend as part of a corporate team

SOFTWARE USED FOR TRAINING:

• Oracle Crystal Ball
• Oracle Primavera Risk Analysis
• ModelRisk
• Safran Risk