Safran Risk Fundamentals Practitioner

Course Content:

• Introduction to quantitative risk analysis (QRA)
• Working with Safran Risk’s file structure, database, and user interface
• How to import, and assure, P6 files within Safran Risks
• “Good” and “bad” models: understanding the role & value of the Schedule Warnings tab
• Customising views using layouts
• Building filters and how to apply them to a schedule.
• Adding statistics to a schedule and customising Gantt charts
• Navigating the Project Risk tab
• Risk types within Safran – ‘Standard Risk” and “Estimating Uncertainty”
• Modelling risk impacts independently vs dependently
• Mapping uncertainties and risks to a schedule & exploring the Risk Mapping tab’s “real-time analyzer” capabilities
• Series vs parallel risks
• Building or importing a cost breakdown structure (CBS) using Safran’s Cost module.
• How to model fixed vs variable costs, and the linking of costs to activities from a work breakdown structure (WBS)
• Analyze tab settings: risk selector, simulation settings, focus activities/costs, and the report generator module.
• Interpreting the Distribution Graph results: histograms, S-Curves, percentiles & other statistics, target values, and contingency curtains.
• Tornado charts: understanding differences between Drivers and Sensitivity Analysis
• Scenario analysis & using Distribution Comparison graphs
• Brief overview of Global Risks, Risk Calendars, Correlation, Scatter Plots, JCLs, PCFs, and the Critical Path Map tabs.
• Optional examination: Safran Risk Fundamentals Practitioner.