Project Risk Analysis
Description
How do you ensure that you encounter the least amount of surprises as you undertake a project? While it’s impossible to anticipate all variables or to know what the future holds, the underlying concepts of project risk analysis can help you predict and minimize uncertainties as you move through a complex project. In this course, you'll learn principles and methods for quantitative modeling and mitigation of risks in project planning, design, construction and operation. You'll learn about the use of new Microsoft Excel capabilities as a key strategy, as well as standardized probability distributions. This course will incorporate several case studies, including that of current work at PG&E, to illustrate the practical implications, of addressing operational risks.
Topics include
- Basic principles and modeling methods
- Risk versus uncertainty
- Communicating and aggregating uncertainty
- Monte Carlo simulation
- Optimizing and modeling portfolios in the context of case studies
- Development of stochastic libraries of project uncertainties in finance, construction, cyber security and other fields
Course Availability
The course schedule is displayed for planning purposes – courses can be modified, changed, or cancelled. Course availability will be considered finalized on the first day of open enrollment. For quarterly enrollment dates, please refer to our graduate education section.
