Our Safran Risk advanced training course is an invaluable resource for those who want to really master our risk management software.
Taking place over a two-day period, project planners, risk managers, and project managers will discover the advanced techniques they need to identify and mitigate the risks that threaten project success.
How is the Course Formatted?
Training is delivered using a combination of presentations and hands-on exercises. Each has been carefully designed to give delegates the opportunity to fully explore the key capabilities and features of Safran Risk.
The underlying concepts and techniques for relevant aspects of risk management will be explained to some extent — but this course is designed more for those with an intermediate level understanding of risk management principles. A basic course introducing Safran Risk, however, is available for those with less experience.
In terms of facilities, we're able to accommodate a maximum of 10 people at a time and will provide PCs (equipped with the latest version of Safran Risk) for all. This course is available on-site at customer offices, or off-site — either at a Safran office or convenient third-party premises that Safran will provide.
N.B. Delegates will be able to keep copies of the course material for future reference.
The course is split into four areas, each with their own objectives. These have been specially designed to introduce attendees to the core features of Safran Risk, and include:
- An introduction to Safran Risk
- Hands-on time with the software
- Structured presentations introducing the key concepts in QRSA as delivered by Safran Risk, including practical exercises in the effective use of the software
- For those migrating from an older risk application, some introduction on the differences between the software approaches (such as Primavera migration) will be included if appropriate
- Opportunities for delegates to explore their own personal learning objectives
Day 1 – Overview and Data Entry
Session One: Getting Started with Safran Risk (2 hours)
Day one commences with an introduction of the trainer, followed by a health and safety briefing and a gentle ice breaker, giving delegates the chance to get to know each other.
Once the preliminaries have been completed, delegates are introduced to Safran Risk itself. This includes an overview of the user interface — complete with examples of data entry workflow, analysis completion, and data output — along with a handful of presentations and practical demonstrations to help participants develop a firm understanding of the software and how it can be used in a variety of real-life situations.
These are as follows:
- How to create a new project and use existing project templates effectively
- Importing non-standard file types into Safran Risk
- The different uses of global risk and how they can be applied in the real-world, complete with practical examples illustrating the various benefits
- Risk Calendars: an overview
Session Two: Safran Risk Data Entry (4-5 hours)
Session two begins with a presentation detailing the capabilities of Safran Risk's Scheduling tool.
N.B. This part of the course does not cover schedule control
The focus here will be on some of the software's most useful features when it comes to data entry. This includes:
- Scheduling interface
- Schedule warnings
To get the most out of this part of the course, participants will be expected to possess at least a basic understanding of key scheduling concepts, such as logical relationships and time constraints.
After the presentations, delegates will once again have the opportunity to get some hands-on time with our scheduling tool. Their task will be to create a basic schedule that, as the course progresses, will be loaded with the type of risks they'll typically encounter in their industry, demonstrating how the tool works in practice.
An optional exercise will also be available for those that wish to experiment with the creation of basic cost models and how to interpret the results.
The remainder of session two will be spent delving deeper into risk data entry within project environments — this being a fundamental component of the risk management process. A broad array of topics will be discussed, including:
- Risk types (standard/calendar/estimate uncertainty)
- Probability of occurrence
- Impact types (cost/schedule)
- Impact method (relative/absolute)
- Distribution types — Part of which is a general overview of the different types of distribution, with a heavy emphasis on the most common (triangle/uniform/beta-pert/discrete)
- Data entry requirements and how they differ depending on the distribution method
- The key differences between pre and post mitigated position
- Recording actions and action data — including action cost and action duration — and how this impacts schedules
- How impact independence affects the wider schedule
To help delegates get to grips with the features discussed in the preceding presentations, we'll be following up with another quick exercise.
Using a small data set, delegates will learn how different distribution and risk types can change and affect a schedule. They'll also be introduced to the distribution graph output, which is integral to understanding how inputs affect outputs.
A number of supplementary presentations and discussions close out day one. The first of these tackles the interaction between disparate risks, with specific examples of times during which risk correlation would and should be used. While the second examines risk mapping in relation to project schedules. This is accompanied by a brief demonstration that explains how filtering schedules for appropriate activities, along with the incorporation of the cost or duration distribution, can help fine-tune the basic model.
At the end of this second presentation, attendees will be tasked with mapping these risks into the practice schedules created earlier. The results of this exercise will then be discussed in-depth to better understand how they were produced.
Finally, we explore the capabilities of Safran Risk's analyser tool. For example, how to select pre and post schedule data. Concepts of iteration, correlation, and resource levelling will also be discussed, before we finish the afternoon with a quick look at focus activities and focus costs.
Day 2 – Data Analysis and Outputs
Session Three: Safran Risk Data Output (4-5 hours)
Building upon the lessons learned on the previous day, day two will kick-off with a thorough exploration of distribution charts; how these crucial outputs can be read and interpreted to assist decision makers.
Over the course of this discussion, we'll review a variety of related topics. Among those covered will be:
- The difference between histogram charts and the cumulative distribution ‘S’ curve, and the type of information they provide
- Confidence levels and the various other types of information obtained from probabilistic analysis
- Cost charts (optional) and schedule charts (including finish data, cost, and duration variations)
- Target setting
- How to review individual and hammock activity results
We'll also look at printing and exporting data, before exploring the concepts of contingency in both cost and time, and how confidence levels can be used to help determine contingency.
Delegates will then be asked to complete several useful exercises, each of which illustrating the way different inputs, when applied to the same data sets, can influence outputs. Additionally, we've designed a number of interactive quizzes to test the delegates' understanding of these critical concepts.
The final few hours of session three will be spent introducing and exploring a number of other features that are key to the efficacy of Safran Risk. Chiefly driver charts and how these can be used to gauge the influence of individual risks on schedule/cost results, as well as the activities that steer the finish dates of individual milestones. This is followed by a discussion of sensitivity analysis, including the options associated with this type of analysis, and a review of the two major chart types — tornado and S-curve.
Session three concludes with an introduction to scatter plots, complete with a discussion of their use in joint confidence level statements. The options available to these charts, and how they can be used by decision makers to mitigate undesirable actions, will also be addressed.
At this point, attendees will be given the opportunity to explore how changing targets on the plot, or changing input data, can help decision makers identify the best treatment strategies first-hand, via another practical exercise.
Session 4: Reporting (1 hour)
While the generating of data outputs will be discussed at length in session three, session four aims to teach delegates how to compare outputs obtained from different models.
To begin with, we'll explain how Safran Risk's distribution comparison tool can be used to gain greater insights from ‘what if’ scenarios within a single project; or measured against multiple projects. We then explore the critical path mapping tool. This helps delegates better understand how critical path is influenced by the occurrence of risk.
N.B. The critical path map will be explored further in a separate exercise.
This session concludes with a selection of examples detailing how the data collated by Safran Risk can be incorporated into reports in different formats or third-party software.
(Optional) Session 5: Conversion from PRA (1 hour)
Rounding off both the final session of the day and the course itself, we have an optional module that takes delegates through the basic requirements necessary to convert schedules from Primavera Risk Assessment (PRA) to Safran.
After providing a succinct overview of the differences between the two applications, we present several practical examples illustrating exactly how they differ in real-world contexts. The objective here is to ensure a fast migration and successful adoption of Safran Risk.
If you'd like to reserve your seat at our next Safran Risk advanced training course, or would simply like more details, get in touch using the link provided.