Deltek Acumen Risk – Step By Step

Learn Deltek Acumen Risk from scratch

What you'll learn
1. Comprehensive Steps to learn and apply Deltek Acumen Risk Diagnostic Techniques
2. Navigating the Acumen Risk Workspace
3. The S3 // Risk Tab
4. Getting Started with Acumen Risk
5. Cleansing the Schedule
6. Adding Duration Uncertainty
7. Using the Risk Advisor for Duration Uncertainty
8. Using the Uncertainty Factor Template
9. Correlation and Existence
10. Introducing Risk Events and the Risk Register
11. Creating and Assigning Risk Events
12. Mapping Risk Events
13. Running your First Risk Analysis
14. Understanding Risk Exposure
15. Exercise 1 – Developing the EPC Model and Running a Risk Analysis
16. Understanding the Tornado Chart
17. Understanding Risk Driver Comparison
18. Comparison of Risk Exposure using Scenarios
19. Mitigating our Risk Model
20. Understanding and Adding Weather Events
21. Risk Adjusted Schedules
22. Exercise 2 – Analysing and Mitigating the EPC Risk Results
23. Cost Risk Analysis
24. Integrating the Schedule with the Cost Estimate
25. Advanced Analysis Techniques
26. Publishing and Printing Risk Results
27. Bonus Learning Section
Requirements
A good understanding of Project Scheduling and Risk
Deltek Acumen Risk Software (Trial versions can be obtained from Deltek or your local Deltek software representative
Description
Welcome!This course covers a comprehensive Step by Step approach for learning Deltek Acumen Risk. The course is extremely detailed and comprehensive, and covers the understanding, use and application of Deltek Acumen Risk. It is of particular use to all types of enterprises who wish to ensure that their Project Schedules are the best that they can be.The course content applies all versions of Deltek Acumen Risk.If you are a Project Manager, Project Scheduler, Project Controller, Engineer, Cost Controller, Risk Analyst or anyone else who wishes to learn how to use Deltek Acumen Risk, then this course is for you. The course is suitable for beginners to advanced users and will be an excellent aid to those users who wish to upgrade or refresh their skills.By the end of the course, you will be able perform Project Schedule Diagnostics and Reporting at a competent level.We will be covering the typical steps required for performing a schedule risk analysis, using Deltek Acumen RiskWe will be following the Deltek Acumen S1 to S5 Maturity Framework steps. There are five steps that should be followed to decrease risk, and improve quality and confidence for the validation of Project Schedules.The five steps of the S1 to S5 Maturity Framework are:S1 (the Project Base) – The non -validated scheduleS2 (Critiqued) – the use of schedule diagnostics to identify and correct schedule problems.S3 (Risk Adjusted) – Risk analysis to mitigate identified schedule risks.S4 (Optimised) – Develop cleansed scenarios to accelerate and optimise the schedulesS5 (Team aligned) - Confidence in forecasted dates is improved, and team buy-in on the critiqued, risk-adjusted and optimized schedule is obtained.As a pre-requisite, it is preferable that all participants have a good understanding of the principles of project scheduling and risk.Although it is assumed that imported files will be from Primavera P6, files can also be imported from Primavera Risk Analysis, Microsoft Project, Microsoft Excel, Phoenix Project Manager, Asta Powerproject, UN/CEFACT, Safran or Deltek Open PlanBefore taking this course, you would have preferably completed my comprehensive course for Deltek Acumen Fuse - Step by Step.Although this course is designed for new users of Deltek Acumen Risk, it would be an advantage to have previous experience of using Acumen Fuse.For many of the participants in this course, it is likely that your organisation will possess licenced copies of Deltek Acumen Risk for you to use. If you wish to obtain a Trial copy of the software, you will need to contact Deltek or your local Deltek software representative. I have no association with Deltek, so participants themselves will need to ensure that they have a functioning copy of Deltek Acumen Risk.All of the XER files used in this course can be found in the Samples folder that will have been provided with your copy of Deltek Acumen Risk.  The XER file for the Exercise in Lesson 15 and 22 is provided as a separate download.Throughout the course, we will work through examples, followed by exercises to consolidate our knowledge. Answers to the exercises will be provided as we progress and I encourage all students to complete the exercises before moving onto the next lesson.For those students who are interested, there is a fully illustrated Step-by-Step eBook available for this course (373 pages).  You'll find full details in the Bonus Learning Section.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Navigating the Acumen Risk Workspace

Lecture 3 The S3 // Risk Tab

Lecture 4 Getting Started with Acumen Risk

Lecture 5 Cleansing the Schedule

Lecture 6 Adding Duration Uncertainty

Lecture 7 Using the Risk Advisor for Duration Uncertainty

Lecture 8 Using the Uncertainty Factor Template

Lecture 9 Correlation and Existence

Lecture 10 Introducing Risk Events and the Risk Register

Lecture 11 Creating and Assigning Risk Events

Lecture 12 Mapping Risk Events

Lecture 13 Running your First Risk Analysis

Lecture 14 Understanding Risk Exposure

Lecture 15 Exercise 1 – Developing the EPC Model and Running a Risk Analysis

Lecture 16 Understanding the Tornado Chart

Lecture 17 Understanding Risk Driver Comparison

Lecture 18 Comparison of Risk Exposure using Scenarios

Lecture 19 Mitigating the Risk Model

Lecture 20 Understanding and Adding Weather Events

Lecture 21 Risk Adjusted Schedules

Lecture 22 Exercise 2 – Analysing and Mitigating the EPC Risk Results

Lecture 23 Introducing Cost Risk Analysis

Lecture 24 Integrating the Schedule with the Cost Estimate

Lecture 25 Advanced Analysis Techniques

Lecture 26 Publishing and Printing Risk Results

Lecture 27 Bonus Learning Section

Project Managers, Risk Analysts, Engineers, Cost Controllers, Schedulers and Project Controls Personnel