FREQUENTLY ASKED QUESTIONS ON

COST & SCHEDULE RISK ANALYSIS

What Is Quantitative Risk Analysis & Why It’s Required?

📌 What is a Quantitative Risk Assessment?

📌 What is the point of conducting Cost & Schedule Risk Analysis on projects?

📌 What is the outcome of the quantitative risk assessment?

Check this video for a brief answer to the above questions.

 

If you are interested in furthering your knowledge and skills in Quantitative Risk Assessment and run cost and schedule risk analysis on your next projects, you will highly benefit from this Cost & Schedule Risk Analysis virtual training Bootcamp. Check all the details here.

How is the Career Outlook & Market Demand of Quantitative Risk Analysts?

💥 How is the market demand for those who are specialized in Quantitative Risk Assessment?

💥 Is it worth getting into this field?

💥 How can a project professional get started in Cost & Schedule Risk Analysis?

Richard Citrine, a subject matter expert and leader on Quantitative Risk Analysis, answers the above questions in this video.

 

Interested in stepping into this high-in-demand and much-needed project management field? Join us inside the 𝗖𝗼𝘀𝘁 & 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗥𝗶𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗧𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗕𝗼𝗼𝘁𝗰𝗮𝗺𝗽 and learn the step-by-step process of conducting risk analysis on projects. Here is the link to get all details and to enroll: https://members.projectcontroltraining.com/qra

What Software to Use for Running Cost & Schedule Risk Analysis?

What software are available for running Cost & Schedule Risk Analysis on projects?

What if I am keen on learning and running Quantitative Risk Assessment (QRA) in projects, but the QRA software is not available within my organization?

Richard Citrine, a subject matter expert and leader on Quantitative Risk Analysis, provides answer to the above questions in the video below. 👇

 

Interested in furthering your knowledge in Cost and Schedule Risk Analysis?

Join us inside the 𝗖𝗼𝘀𝘁 & 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗥𝗶𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗧𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗕𝗼𝗼𝘁𝗰𝗮𝗺𝗽 and learn the step-by-step process of conducting risk analysis on projects.

You can confidently kick start cost and schedule risk analysis in your next projects and be ONE who transforms your project success rate!

Let us show you how!

Click here and join us on this training Bootcamp: https://members.projectcontroltraining.com/qra

Is Cost & Schedule Risk Analysis A Specialized, Complicated, and Hard to Enter Discipline?

Many consider the Cost and Schedule Risk Analysis very complicated, which needs highly skilled resources who are great at statistics and simulation!

Is Cost & Schedule Risk Analysis a specialized, complicated, and hard to enter discipline?

What do you think?

Richard Citrine, a subject matter expert and leader on Quantitative Risk Analysis, opens up this myth about Quantitative Risk Analysis.

 

What if we draw back the curtain and show you that the Cost and Schedule Risk Analysis is not that complex and by learning a few basic steps you can apply Quantitative Risk Assessments to any project.

Join us inside the Cost & Schedule Risk Analysis Virtual Training bootcamp and kickstart cost and schedule risk analysis in your next project.

How to Overcome Challenges in Performing Cost & Schedule Risk Analysis in Projects?

How do you justify the cost of conducting Quantitative Risk Analysis? 

How do you enhance the risk culture within your organization and show the value of running cost and schedule risk analysis?

Please check this video for answers to the above questions by a recognized leader in Quantitative Risk Assessment, John Hale.

 

What are the Best Strategies to Enhance the Project Risk Analysis Practices & Culture Within an Organization?

One of the obstacles addressed by the Project Controls community in running Quantitative Risk Assessment was addressed as the "Poor Organizational Culture"; companies that don't see the value and benefits of Quantitative Risk Assessment.

How we can overcome this challenge in organizations?

How can we increase awareness and bring the culture of running cost and schedule risk analysis in projects?

Richard Citrine, a subject matter expert and leader on Quantitative Risk Analysis shares a 4-step process to enhance the project risk analysis practices and risk culture within an organization. Check it out.

 

On a side note, if you are interested in furthering your knowledge and skills in Quantitative Risk Assessment and run cost and schedule risk analysis on your next projects, you will highly benefit from this Cost & Schedule Risk Analysis virtual training Bootcamp. Check all the details here.

How Often Should You Run Cost & Schedule Risk Analysis on a Project?

At what stage in the project, conducting the quantitative risk analysis is recommended?

Shall it be done early on the project before sending the proposal, before baselining, or throughout the project? 

Check the answer of a leader on Quantitative Risk Assessment, John Hale, to this question in the video below. 👇

 

Check the answer of Richard Citrine, a subject matter expert and leader on Quantitative Risk Analysis to this question in the video below. 👇

 

How to Confidently Kickstart

Project Cost and Schedule Risk Analysis

in Your Next Project

Aren’t you tired of committing to unrealistic time and cost targets?

Don’t you want to know the probability of meeting your project’s cost and schedule objectives?

Conducting a Quantitative Risk Assessment reduces the possibility of delivering overoptimistic cost and schedule targets, boosts the confidence in your project’s cost estimate or your schedule completion date, and therefore increases the likelihood of your project success.

The Project Cost & Schedule Risk Analysis training, offered by Project Control Academy, allows you to confidently kickstart project cost and schedule risk analysis in your next project, without the raging, overwhelm, complex statistical and modeling hang-ups, and software literacy.

Rather than getting overwhelmed with theory and abstract ideas, you’ll get engaged in detailed case studies that mimic real-life projects and demonstrate how you can apply risk management solutions.

Join this most practical online course, run your own quantitative risk assessments by the completion of this training, and be the one who transforms the projects’ success rate!

Check Out the Details of This Training >>

Do you have any more questions about the Quantitative Risk Assessment or need information on the Cost or Schedule Risk Analysis Virtual Training Bootcamp?

 Email [email protected] and we will be happy to assist you.