Schedule Risk Analysis
Our project management consultants are experts in schedule risk analysis. They will identify and evaluate project risks, manage risk registers, facilitate qualitative risk assessments, conduct quantitative risk analyses, and develop risk mitigation strategies to mitigate uncertainties before they impact your project.
Scheduling Consulting
Our team of experts will help you in managing your projects schedules.
Our consultants will help your project teams identify risks within a central register, analyze their schedule and cost impacts, and manage response plans from start to finish. Our team will:
Plan schedule risk management
- Establish the structures and settings to make handling risks easy.
- Define a risk breakdown structure and scoring matrix.
- Provide a basis for both qualitative and quantitative risk analysis. Standardize risk scoring across the enterprise.
- Set probability ranges as well as schedule, cost, and user-defined thresholds.
Conduct qualitative risk analysis and develop risk score:
Using schedule risk analysis tools, we will develop a qualitative risk score which is a fast and efficient way to assess risk probability and predict potential impacts. During qualitative risk we will:
- Identify, assess, categorize, and update the status of risks
- Enter selections for probability and impacts based on the risk- scoring matrix.
- Provide immediate visibility into risk score.
Conduct quantitative risk analysis:
By linking risks to schedule activities we will:
- Quantify risk impacts.
- Understand risk impacts for both cost and schedule.
- Run risk analysis using Monte Carlo Simulation.
- perform schedule and cost outcome simulations
- Visualize schedule and cost outcomes with scatter plot graph.
- Set specific targets for schedule and cost.
- See the likelihood of project completion within your parameters.
- Assess the probability of completing a project on time and within budget based on your targets.
Plan risk responses
We will map out your risk responses to get a comprehensive view of risks, including their impacts and the mitigative actions taken..
- Capture both pre- and post-response data.
- Capture the response actions needed to achieve post-response position.
- Compare pre- and post-response scenarios.
Monitor and control risks
We will continuously monitor and control your project risk.
- Update the status of risks as a project progresses.
- Capture actual cost and schedule impacts for the risks that occur.
Use dashboards for simpler management and reporting:
We will create and use dashboards because dashboards provide a simple way to see the progression of risks within and across projects.
- Consult dashboards with rich graphics that depict actual impacts and history.
- View projects individually or in groups for risk exposure reporting.
About Schedule Risk Simulation
Our highly skilled scheduling team will perform a risk analysis using many tools an techniques including Monte Carlo technique.
Monte Carlo technique identifies and mitigates potential risks, creating adaptable timelines and preventing costly disruptions. By leveraging tools like Monte Carlo simulations and proactive planning, your team can reduce delays, control costs, and ensure on-time project success.
Contact us:
contact@pmvision.ca
Our specialists will implement / improve your Risk Management system with the best practices and real world experience.
Related Services
Schedule Development
We will develop a detailed project schedule and train your team on how to manage, Monitor and Control the schedule.
Primavera P6 Scheduling Services
We have a competent team of primavera P6 scheduling consultants to deliver primavera P6 scheduling services through the following features
Schedule Monitoring, Updating & Control
Our services involve monitoring all aspects of project performance, including cost control, risk management, schedule, and scope.
Earned Value Management
We perform Earned Value Analysis as an integrated cost-schedule approach to monitor and analyze your project’s progress.
Delay & Time Impact Analysis
Our schedule delay analysis consultants will conduct forensic schedule analysis to assess construction delays, prepare claims for project disputes, and perform contract compliance audits.
Schedule Risk Analysis
We perform Schedule Risk Analysis using Monte Carlo Technique and other tools to help you mitigate and control risks.
Related Corporate Training
Primavera P6 Professional Training Course | Instructor-Led Online Classes
EVM Earned Value Management Training | Earned Value Management Systems EVMS
Delay Analysis & Dispute Resolution – Primavera P6 Professional
PMI-RMP® Certification Course – PMI Risk Management Professional Training
PMI-SP Training Course- PMI Scheduling Professional
Microsoft Project Training Courses- Managing Projects using MS.Project
Planning and Scheduling Construction Projects in Primavera P6
Project Portfolio Management: Principles and Practices
Managing Risk in Primavera Risk Analysis Rel. 8.7 – Corporate Training
Cultural Intelligence for Productive Work Teams
Mastering the PMO Lifecycle: Building and Sustaining High-Value PMOs
Change Management: Strategies for Organizational Success
F.A.Q.
Please contact us if you have any questions.
We have a new project with no schedule, can you help create one ?
Yes! Our planning and scheduling experts will work with your team to create a schedule for your project. We use Primavera P6 and Microsoft Project to create schedules
We already have a schedule, how can you help improving it?
Our planning and scheduling experts review and improve your schedule, working with your project team, and show you what to do for next time. Our project planning and scheduling services will make sure you are fully compliant.
What will be included in your project schedule?
We can create an industry-compliant schedule for you that will include clear identification of the critical path, resource loading, cost and schedule integration, as well as any importing or exporting of data required for the creation.
Each schedule is unique and we will tailor what goes into it to fit your needs and your client’s scheduling requirements.
How long will it take you to put a schedule together for a project?
It depends on the size of the project. Our planning and scheduling experts will work with you and your team to come up with a timeline so that your schedule is created as quickly as possible, with the minimum of fuss.
Can you convert our Microsoft Project schedule to Primavera P6 ?
Yes! We can Migrate and convert your project schedule between Microsoft Project and Primavera P6 or Primavera EPPM without data loss risks and errors. We will help you save time, resources, and money