This hands-on seminar provides a detailed treatment of essential concepts for performing sound risk analyses on a Microsoft Project schedule. Example files are provided that demonstrate the techniques covered during the 2 days Every user of @RISK who is looking to get up to speed quickly using @RISK 4 for Microsoft Project should attend this seminar. This 2-day seminar will deliver the procedures and tools that will help you effectively control risk in a Microsoft Project schedule. The software used in the course is @RISK 4 for Microsoft Project Professional.

Day 1: Effectively Controlling Risk: The Basics

1. Overview and a Roadmap for Performing a Risk Analysis
2. Measuring Uncertainty: The Range of Shape of Key Uncertain Variables.
3. 3. A step-by-step examination of @RISK 4 for Microsoft Project using simple examples

Day 2: The Three Key Components for Producing a Sound Risk Analysis

1. Selecting a sound distribution:
   a) The basics
   b) Fitting distributions to data
   c) Fitting distributions to expert opinion
2. Modeling correlation (interdependence) between uncertain variables
3. Testing mitigation alternatives

Day 3: Building @RISK Models*

1. Building @RISK for Microsoft Project models step-by-step with example problems
2. Performing risk analysis with the models we build
3. Testing mitigation alternatives
4. Making a decision
5. Examining advanced modeling techniques

* Day 3 topics are only included in 3-day courses.

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