Quantitative Risk Analysis for Project Managers
Use Monte Carlo simulations in Excel to effectively model Project Budget Contingencies, quantify Budget Risk and enhance project outcomes.
To equip project professionals with the skills to quantitatively model budget risks and contingencies, enabling data-driven decision-making.
Understand key concepts, probability distributions, and risk modeling.
Learn how to apply simulations for uncertainty analysis and decision-making.
Five progressively advanced Excel case studies designed to build practical experience and deepen your understanding of key concepts.
Lecture 1: Introduction
Course Slides PDF
Lecture 2: Analysis Framework & Theory
Lecture 3: Data Gathering & Risk Workshop
Lecture 4: Case Study 1 - Budget Contingency
Lecture 5: Case Study 2- Budget Contingency Re-allocation
Lecture 6: Case Study 3- Various Distributions