- Course
Creating Project Contingencies
Welcome to my project contingency management course. This course will teach you to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis to evaluate projects.
Intermediate
- Course
Creating Project Contingencies
Welcome to my project contingency management course. This course will teach you to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis to evaluate projects.
Intermediate
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This course is included in the libraries shown below:
- Core Tech
What you'll learn
Setting up a new project can be daunting. In this course, Creating Project Contingencies, you’ll learn how to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis.
First, you’ll explore the unified scheduling method (USM) by applying it to a project schedule, budget, and risk register.
Next, you’ll discover the differences between the USM and a Monte Carlo analysis for risk analysis.
Finally, you’ll learn how to use USM and Monte Carlo simulations for scheduling and making cost analyses.
When you’re finished with this course, you’ll have the skills and knowledge of planning a project using different simulation methods needed to build project plans.
Creating Project Contingencies
Intermediate
Table of contents
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Module Introduction | 41s
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Risk & Risk Management Definition, 5-Key Steps of Risk Management | 3m 52s
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Risk Management Plan, Risk Identification, Probability/Impact Matrix | 6m 24s
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Risk Matrix Analysis, Risk Responses, Risk Implementation | 4m 26s
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Risk Contingency Overview, Contingency Reserves | 7m 8s
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Contingency Reserve Development Process, Management Reserve Comparison | 7m 11s
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AACE & PMI Risk Contingency Planning Guides and Comparison | 6m 54s
Sarper is a product geek with developer background who has experience in the playground for more than a decade. He loves being a product geek, learning new things every day by sharing his knowledge with everyone interested in visuals.