Quantitative Risk Analysis

Mature organisations require mature risk management tools and techniques to deliver projects within ever more demanding cost and schedule deadlines.

Description

Quantitative Risk Analysis (QRA) has emerged as one of the key concepts which separates successful organisations from the rest. 

Delivered by a Risk Professional with fifteen years’ experience of QRA modelling, this practically orientated two-day training course aims to provide project and risk professionals with a set of tools and techniques to build quantitative cost, schedule and risk models, interpret the results, and present the findings in an understandable way to decision makers and budget holders.

Topics covered include:

  • Quantitative vs qualitative approaches (strengths & weaknesses)

  • Building uncertainty cost and duration models using Monte Carlo techniques

  • Quantitative Schedule Risk Analysis (QSRA) and Cost Risk Analysis (QCRA) modelling

  • Result analysis and interpretation

  • Determining contingency values

  • Practical methods to present data to decision makers

 

Course flyer: https://984e9e3a-a77a-4de3-bc1c-5b8b3944d504.usrfiles.com/ugd/984e9e_04b5c8da729d480f9b5745cde5a60a7d.pdf

 

About the Trainer

Starting his career in the Royal Navy, Mark has held a variety of roles within the defence and aerospace sector including submarine weapons engineer, project planner, R&D Project Manager, Head of Internal Audit, and Vice President of Risk Management. 

In recent years Mark has developed ERM Frameworks and designed Risk Management software. He has also created and delivered training to over 500 people on quantitative and qualitative risk management.

Mark is now the MD of Emsity Ltd, a risk management software and training consultancy supporting several clients with software design and development projects.

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