Courses & Demos

Free Webinar:
Come take a look and learn about Safran Risk

An interactive 60-minute webinar about Safran Risk’s easy cost and schedule integration and all its powerful features, using a practical example.

Thursday, April 8th., 2021,  1:00PM EST

Send us an email to enroll: info@decisiontrain.com

 

Online Course:
Introduction to Integrated Project Risk Analysis with Safran Risk

TRAINING OBJECTIVE:  This course will get you the basic tools to build, analyze, run, interpret and communicate integrated project risk analysis using Safran Risk.  Utilizing a real-life example, participants will be able to develop all components for schedule, cost and cash flow quantitative risk analysis of a project.

DATES AND HOURS:  Three 4-hour sessions (12 hours total) on April 2021, 19th, 21st, 23rd,  1PM -5PM EST

DELIVERY:  ZOOM sessions

DETAILS: By the end of the three sessions, participants are expected to be able to set up an integrated project risk-analysis model and be able to run, analyze, interpret and communicate the outcomes of a robust and defendable quantitative risk analysis model of a project, comprising its major components:  schedule, cost and cash flow.

First session deals with theoretical bases and it is more lecture-oriented. Starting on second session, the course becomes highly practical and participative developing a whole example from scratch to final analysis and enhancements. Participants will previously receive a set of files and instructions to download them. Participants are expected to have a working license of Safran Risk (working or trial).  A trial software license can be requested at https://www.safran.com/risk-free-trial .  Participants receive links to the recorded sessions, example files and pdf documentation on the course.

PRICE: US$995 per participant.  Credit cards, PayPal or POs accepted.

Ask for limited-time offers for groups and special attendances.

Risk mitigation techniques and manual optimization. Scenario analysis. To correlate or not. Distribution enhancements.

Send us an email to enroll: info@decisiontrain.com

 

 

 

 

 

TRAINER: Fernando Hernandez. Experienced risk and decision-analysis trainer and consultant. Take a look at Fernando’s experience and training qualifications at https://decisiontrain.com/collaborators/ or watch his video at: https://www.screencast.com/t/J9ss5z19huY

SESSION 1: (Monday February 15th. 1PM-5PM EST)

FUNDAMENTALS ON RISK ANALYSIS AND MONTE CARLO SIMULATION

Risk and uncertainty. Risk quantification. Robustness of quantitative versus qualitative risk analysis. Monte Carlo simulation: settings, convergence. Distribution functions: discrete and continuous.

SESSION 2: (Wednesday February 17th. 1PM-5PM EST)

SETTING UP COMPONENTS OF A PROJECT MODEL

Set up schedule and cost budget. Defining project risks and types. Risk mapping.  Integrating schedule and cost.  Model validation.

SESSION 3: (Friday February 19th. 1PM – 5PM EST)

RUNNING AND INTERPRETING A SIMULATION ANALYSIS

Simulation settings (convergence, seed, sampling, correlations). Graphs generation and interpretation: Distributions, drivers, sensitivity analysis, scatter plot, probabilistic cash flow, compared distributions, critical path map.

Risk mitigation techniques and manual optimization. Scenario analysis. To correlate or not. Distribution enhancements.

Send us an email to enroll: info@decisiontrain.com

 

 

 

 

 

[/vc_column_text][/vc_column][/vc_row]