Safran Risk Advanced Practitioner Feb 2025
Mon 17 Feb
|Virtual Event
This advanced training is all about building on the principles covered in the Fundamentals Course to provide attendees with a comprehensive understanding of Safran Risk’s advanced modelling capabilities. Requirements: Safran Risk license installed (trial version is acceptable).
Time & Location
17 Feb 2025, 11:00 GMT – 19 Feb 2025, 15:00 GMT
Virtual Event
About the event
Safran Risk Advanced Practitioner
Time: 3 sessions of 4 hours ever day, 11h00 to 15h00 GMT
Course Content:
Risk types within Safran – ‘Calendar Risk”, “Non-Existence Risk” and “Probabilistic Branching”
Setting up Global Risk registers
Using probabilistic risk calendars in Safran: time series & templates
Incorporating probability of execution and success into actions modelling.
Advanced cost modelling using the Cost module, including using variables and formulas for more complex calculations.
Demystifying correlations & practical steps to test effect of correlation on project cost and time
Auditing models using the Data View analysis
Single pass vs multiple pass Sensitivity Analysis
Understanding cost/time trade-offs using scatter plots
What is a Joint Confidence Level (JCL) and why they are important?
Modelling spend/revenue/cost/risk impacts over time using Probabilistic Cash Flows (PCFs)
Interpreting and using the Critical Path Map tab, and adding criticality to the Schedule
Integrated comparison: resource loaded vs cost breakdown structure (CBS) costs
Analyzing data generated in the simulation, advanced reporting
Bias analysis
Optional examination: Safran Risk Advanced Practitioner.