Project Risk Analysis and Project Risk Management Webinars

Free Webinars: Learn About Project Risk Analysis and Risk Management with RiskyProject Software

These webinars will be held at 10:00 AM MST, which is 12:00 PM EST, 11:00 AM CST, and 9:00 AM PST.

Planning like Goldilocks: how to ensure your cost contingencies are just right

Date: Tuesday, Nov 6, 2018

Time: 10:00 AM – 11:0 AM MST

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One of the most common complaints of modern project management is the failure of managers to estimate project costs consistently and accurately. They often either intentionally or unintentionally underestimate cost due to cognitive and motivational biases. Contingencies are spent at the beginning of the projects and projects are completed over budget.

At the same time some organizations place premium on ensuring projects do not exceed their budget. As a results contingencies and margins become bloated and the projects become less efficient and competitive. Finding the balance between these opposing influences requires creating risk adjusted project plans that meet the Goldilocks standard: not too little, not too much, but just right. The solution is project cost and schedule risk analysis.

In this webinar participants will learn:

  • What is risk tolerance and how to measure it?
  • What are the confidence levels?
  • How to use confidence levels to create project plans account for risk tolerance while remaining cost effective?
  • What is the workflow for accurate project cost estimates?

Past Webinars

Project Risk Analysis for Oil and Gas Industry

Date: Tue, Sep 11, 2018

Time: 10:00 AM – 11:00 AM MDT

The oil and gas industry is historically  very competitive, high risk and capital intensive. Delays and cost escalation in exploration, development, and production are often the differences between success and failure  and any improvements in reducing the impact of  cost and schedule risk is critical to success.  Project risk management is the most cost effective and easiest to implement method  to improve project performance and reduce cost. In spite of this, effective project risk management has not been fully taken up by the industry. This webinar will an overview of the basic steps of project and portfolio risk management process tailored for the oil and gas industry:

  • Identify project risks and record them in risk register
  • Assign risks and uncertainties to different projects and activities and calculate impact of these risks on project
  • Reduce the impact of project risks and uncertainties
  • Manage and control risks during a course of projects

This webinar will use real examples and show how oil and gas companies can apply these risk management processes to control capital and operational costs.

Project Risk Analysis and Risk Management: The Case Studies

Date: Tue, Jul 10, 2018

Time: 10:00 AM – 11:00 AM MDT

RiskyProject is a suite of project risk analysis and management software that provide a range of capabilities to organizations around the world. In this you webinar, we will present several case studies that show how the different versions of RiskyProject have been utilized by our customers to improve their project performance. This webinar will present the following case studies:

  • How  RiskyProject Lite is used as an easy to use integrated solution with Microsoft Project to support the management of a large aerospace company
  • How RiskyProject Professional has been used to analyze and manage cost and schedule risk for by a utility company as part of their process improvement plan
  • How RiskyProject Enterprise has been used as part of an integrated program management process that has been adopted by US Federal Agency.

Avoiding slippage: techniques for creating a risk adjusted schedule

DateTue, May 15, 2018
Time: 10:00 AM – 11:00 AM MST

All projects are subject to risks and uncertainties that if not accounted for and managed properly results in late deliveries and cost overruns. Creating risk adjusted project plans protects key objectives from the impact of risks and uncertainties. This webinar will provide you a basis framework that will allow you to:

  • Understand the two different sources of project risk and how they can be managed
  • Generate, visualize, and interpret risk adjusted project schedules
  • Create project plans with schedule margin and cost contingency that accounts for the level of project risk.

Project Risk Management and Analysis: Visualization and Reporting

DateTue, March 6, 2018
Time: 10:00 AM – 11:00 AM MST

RiskyProject includes a comprehensive project risk management capability. As part of this the project management team needs to communicate the results of their analysis, assessment and ongoing monitoring and control to project stakeholders. In this webinar, users will learn how to use the various built in and ad hoc reports in RiskyProject. This will include:

  • Visualization of Monte Carlo simulation results
  • Risk Registers
  • Risk Matrixes
  • Risk Trends and Risk History
  • Additional ad-hoc reports

Project Risk Analysis: Benefit or Burden?

DateTue, Jan 9, 2018
Time: 10:00 AM – 11:00 AM MST

A critical issue that often arises in discussions with potential clients is whether project risk analysis and management adds enough additional value to make up for the additional cost and effort. As with many processes, the answer depends upon the nature of both your business and projects. In the webinar we will discuss the following topics in regard to project risk analysis and management:

  • What are the general goals of project risk analysis?
  • What are the potential benefits and burdens?
  • When should risk analysis be performed?
  • How should risk analysis be performed to maximize its value?

The webinar will include real life examples where properly performed project risk analysis brought significant benefits.

Introduction to the RiskyProject Risk Register

Date: Tuesday, November 7, 2017
Time: 10:00 AM – 11:00 AM MST (UTC – 7:00)

RiskyProject Enterprise offers a new Risk Register module that simplifies qualitative risk analysis and management. This can be useful in cases where projects do not meet thresholds for qualitative analysis or in cases where detailed cost and schedule estimates are not available at the program or portfolio level.
This webinar will show you how to:

  • Set up the risk register module so it is optimized for qualitative risk analysis
  • Identify and assess risks,
  • Create risk plans
  • Generate reports

Why you should be running Monte Carlo risk analysis

Date:Tuesday, September 5, 2017
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

Running Monte Carlo simulations on project plans can often seem like an unnecessary added burden on the project team. Monte Carlo risk analysis requires additional expertise, effort and tools to perform, but the benefits are often not well understood.
In this webinar, we will discuss the benefits of running Monte Carlo simulations as well as when it is indicated. Learn how Monte Carlo is the best method to:

  • Generate risk adjusted project baseline
  • Estimate project contingency
  • Rank risks affecting project schedule

Introducing RiskyProject 7

Date: Tuesday, July 11, 2017
Time: 10:00 AM – 11:00 AM MDT (UTC- 6:00)

We are very happy to announce the release of RiskyProject version 7. Version 7 includes RiskyProject Professional and Lite, RiskyProject Enterprise and our new module, RiskyProject Risk Register.

This webinar will introduce the new features in RiskyProject 7 including the:

  • Risk Register module
  • New Risk Reports
  • Improved Risk Register
  • Weather Calendars
  • Improved Histograms and Charts
  • and much more.

Introduction to project risk management: Risk Registers and more

Date:Tuesday, May 2nd, 2017
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

Risk registers are the centerpiece of the project risk management process. With a risk register you can identify and control risks including managing the risk lifecycle. In this webinar, you will learn how to configure and use the risk register to identify, assess, plan, and monitor and control your project risks.

This includes setting up and using the following:

  • what are risk categories, and why the same risk can belong to multiple categories
  • what are the risk properties and how can they be defined and used for project risk management
  • probability and impact matrix and how to use it
  • how risk mitigation plans can be added to a risk register
  • risk reviews and history
  • configuring risk register
  • risk register reports

Step-by-step Schedule Risk Analysis with RiskyProject

Date:Tuesday, March 21, 2017
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

Schedule risk analysis is often a requirement for planning and managing projects. On large projects this can be time consuming and the results are often hard to communicate. In this webinar, you will learn about few simple steps how to streamline your risk analysis and communicate the results. In this webinar you will learn how to:
• ensure schedule quality
• assign risks to the tasks
• use groups and filters to quickly and uncertainties to activities
• use results to add appropriate margin and management reserve to your plan.
• communicate the analysis using histogram, cumulative probability, and various reports.

Integrated Cost and Schedule Risk Analysis with Microsoft Project

Date:Tuesday, Jan 17, 2017
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

RiskyProject comes with an easy to use Add-in for Microsoft Project 2010 and later. Microsoft Project is a flexible project planning and scheduling tool that includes both schedule, resources and costs and provides the underlying data for running cost and schedule Monte Carlo risk analysis.
By attending this webinar, you will learn how to

  • Install the RiskyProject Microsoft Project Add-in
  • Set up schedule and cost risks and uncertainties.
  • Run Monte Carlo Simulation
  • Generate risk reports including histograms, cumulative probability, and tornado charts.

Using RiskyProject as a Risk Register

Date:Tuesday, September 13, 2016

Time:10:00 AM – 11:00 AM MST (UTC-07:00)

The key to successfully managing risks in your organization is to implement a standardized process that can be using to assess and manage all risks whether they impact a single project or an entire portfolio. At Intaver Institute, we refer to this as the “3Cs Process”: consistent, comprehensive, and continuous risk management. .

The webinar will show you how you can implement the 3C methodology:

– Standardize risk registers
– Consistent risk identification
– Continuous risk assessment
– Risk reviews
– Risk reporting

Sensitivity analysis: Prioritizing Risks and Activities

Date:Tuesday, July 12, 2016
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

Sensitivity analysis is a key outcome of Monte Carlo analysis. Using correlations, sensitivity analysis can be applied to project schedules to identify and prioritize the key drivers in your project, or those activities or risks that have the most potential to impact your project objectives.

By attending this webinar, you will learn:

– How sensitivity analysis is performed on project schedules
– How to interpret tornado charts to identify key cost and schedule drivers
– How you can prioritize risks

Integrated project risk analysis

Date: Tuesday, May 3, 2016
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

Risk in projects can come from two main sources Risk events and uncertainties. Risk events are discrete risks that are commonly captured in risk registers and are characterized by probability and impact. Uncertainties are inherent natural randomness that is found in all processes. Both should be included as part of your project risk analysis model.

In addition, there has recent development of including risk factors. Risk factors are used to attempt to identify sources of uncertainty and may allow for more accurate modeling of uncertainties as well as providing insight into critical factors behind project uncertainty.

This webinar will show you:

– How to assign risk events to your activities
– How to assign uncertainties to activities
– How to model risk factors
– How to interpret results of analysis with discrete events and uncertainties

Mastering risk analysis with RiskyProject

Date:Tuesday, March, 8 2016
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

The standards for effective planning and management of projects are increasingly adopting Monte Carlo project risk analysis as an essential tool in an environment that is characterized by increased complexity and lowered risk tolerance. This webinar will show you a step by step process how to:

– Import project plans from other scheduling software
– Add uncertainty and risk events
– Understand how to analyse the results
– Generate key project risk analysis reports

Cost and Schedule Risk Analysis with RiskyProject

Date:Tuesday, Jan 12, 2016
Time:10:00 AM – 11:00 AM MST (UTC-07:00)

Join us for a free webinar and see how you can quickly and simply make risk adjusted cost and schedule estimates for our projects.

Many projects require both cost and schedule risks analyses. Done separately, assumptions regarding time sensitive (resource) costs are often not aligned with the project schedule resulting in inaccurate cost estimates. This webinar will show you how to use resource loaded project schedule to generate accurate cost and schedule risk analyses:

– identify risks and uncertainties related to task durations, start and finish time, cost and resources
– perform Monte Carlo simulation
– analyse risk-adjusted project schedule
– perform probabilistic cost and work analysis of project schedules