Probabilistic Project Planning & Scheduling

Probabilistic planning identifies risks

The preparation of a probabilistic planning is a next step on traditional time planning. Based on the risks, distribution and simulations, the probabilistic planning provides insight into the feasibility of a project in terms of time, capacity and costs. Probabilistic planning is an important instrument and a much sought-after product in the tender phase of a project. This course focuses on the construction of a probabilistic planning, the principles, reports and the practical application in the planning, tender and implementation phase of projects.

Topics during the course:

• Risk management
• Project Planning Processes
• Distinguish between deterministic and probabilistic planning
• Structuring Probabilistic planning
• Monte Carlo analysis
• Schedule Check
• Risks and mitigation measures
• Simulate weather conditions
• Application of buffers in the planning

This course is primarily intended for junior managers, project management managers, risk managers and project consultants. Experience in drafting project plans is an advantage. Oracle Primavera Risk Analysis is used during the course to explain the examples.