Risk Management For Projects with Pertmaster

1. Risk Management For Projects with Pertmaster Erum Abbas Naqvi SLIDE OBJECTIVE: Start of introduction Add location Add date SLIDE OBJECTIVE: Start of introduction Add location Add date

2. Agenda What is Pertmaster and who are the people behind it? Project Risk Management concepts Introductory Demonstrations Importing from Primavera and MS Project Quick Risk Templates Running a Risk Analysis Advanced Risk Management Using a Risk Register with your schedule Schedule cost loading techniques Probabilistic cashflow and profitability breakeven Weather Modelling Summary & Q&A

3. Primavera Pertmaster Closed loop RM We can also work with MSP and Open PlanClosed loop RM We can also work with MSP and Open Plan

4. Pertmaster Overview Enterprise Project Risk Management Capital investment analysis Portfolio risk exposure Cost/Schedule/Bid analysis Contingency/mitigation planning What if scenario modeling Risk Techniques Schedule improvement: PPM maturity Risk Impact assessment: Risk Register Risk Analysis Engine: Monte Carlo simulation Full Lifecycle Risk management Portfolio risk� strategic project selection Project risk� tactical project controls/PM Integration PV P3, P3e, P5, Suretrak MS Project, EPM, Deltek

6. Project Intelligence Arena �We understand time related data� The butler group coined this phrase, Pertmaster is decision related = Pertmaster is analytics and modelling Pertmaster + risk helps understand EV looking forwards Strategic/Investment modelling (production levels) �We understand time related data� The butler group coined this phrase, Pertmaster is decision related = Pertmaster is analytics and modelling Pertmaster + risk helps understand EV looking forwards Strategic/Investment modelling (production levels)

7. Monte Carlo Simulation

8. Pertmaster Risk Analysis Methodology Risk Ready state Schedule: sound logic Scheduling errors Risk Inputs Estimate uncertainty: �Quick Risk� Risk Events: risk register Risk Impacts Map risks to tasks Risk Analysis Monte Carlo simulation Risk hot spots Risk Response Determination of contingency Mitigation scenarios Probabilistic cashflow

9. Plan Validation: Schedule Check

10. Types of Risk Estimate uncertainty

11. Initial Risk Inputs 3 pt estimates/ triangular + �Quick Risk� analysis

12. Types of Risk Task Existence

13. Types of Risk Branching Probabilistic & Conditional

14. Accuracy with Ease!

15. Risk Events Model impact of risk events Generate a �risk event plan� Import from XLS, CSV, Sharepoint Compare pre/post mitigated plans Have you ever heard or said these statements yourself? These are actual quotes by people just like you who are dealing with this issue. � My Project Managers are too optimistic� � Every week my PMs tell me everything is fine�, �People hide problems from me�, �By the time I find out about it, its too late�, �Reports just tell me what happened in the past�. Wouldn�t it be so much better that whether it�s one project or many, you�ll have accurate trends and forecasts to avoid surprises? [Stop. Get conformation. If they are not with you here, keep working it until they are. Let them put this pain in their own words so that they own it. The more they own it, the more that this pain will become a driving reason to purchase the software and services].Have you ever heard or said these statements yourself? These are actual quotes by people just like you who are dealing with this issue. � My Project Managers are too optimistic� � Every week my PMs tell me everything is fine�, �People hide problems from me�, �By the time I find out about it, its too late�, �Reports just tell me what happened in the past�. Wouldn�t it be so much better that whether it�s one project or many, you�ll have accurate trends and forecasts to avoid surprises? [Stop. Get conformation. If they are not with you here, keep working it until they are. Let them put this pain in their own words so that they own it. The more they own it, the more that this pain will become a driving reason to purchase the software and services].

16. Risk Outputs Determine key risk drivers Risk Hot Spots Cost & schedule Risk Histogram: �risk status� Risk Tornado: �how to fix it� Contingency + mitigation

17. With Pertmaster, you can chart the differences between your deterministic cumulative cash flow and your risk-adjusted cash flow over time. This produces the envelope you see on the slide here, providing a more intelligent guideline for controlling costs within your projects and programs. In addition, the bars behind the Probabilistic Cash Flow envelop are showing us areas where we are potentially under funding and over funding certain parts of our project or program over time; based on the risk analyzed data.With Pertmaster, you can chart the differences between your deterministic cumulative cash flow and your risk-adjusted cash flow over time. This produces the envelope you see on the slide here, providing a more intelligent guideline for controlling costs within your projects and programs. In addition, the bars behind the Probabilistic Cash Flow envelop are showing us areas where we are potentially under funding and over funding certain parts of our project or program over time; based on the risk analyzed data.

18. Case Study