PRC Risk Workshops

Third party facilitation is vital for an honest and accurate assessment of a project.  A workshop should not be a check-the-box activity.  Internal and external politics often keep the truth buried where the team, customer, or owner are left questioning the results.  PRC workshops turn a project schedule into a dynamic decision-making tool to insure the maximum financial success of your project.  

Our workshops allows participants to identify and avoid schedule errors that result in inaccurate or skewed results. Participants learn valuable risk analysis techniques while improving and validating their existing project demands.  Interactive sessions with the project team lead to a comprehensive risk strategy with an emphasis on skill development.

We will never tell you an answer without explaining how we generated it and how to improve the project.  You cannot fix a problem if you’re unwilling to accept bad news.  The team must buy into the inputs and outputs before bad news can be turned into proactive steps.  We make the process, results, and path forward simple and easy to understand.

Schedule Improvement and Validation

  • Full audit of the baseline schedule
  • Validate that baseline of schedule matches the scope of work
  • Determine issues with schedule logic
  • Enhancement of schedule maturity

Quantitative and Qualitative Risk Assessment

  • Establish risk ranges for a Monte Carlo analysis (minimum, most likely, and maximum)
  • Compile a project risk register or risk log
  • Integrate external risks into the project schedule for analysis
  • Determine risk mitigation scenarios

Risk Plan and Reports

  • Confidence level histograms
  • Risk tornado charts
  • Risk register
  • Assumptions
  • Mitigation recommendations
  • Benefit analysis of mitigation with project curves
  • Full summary write up of the results