The fourth step of a typical Oracle | Primavera Risk (Pertmaster) Monte Carlo analysis is to load uncertainty or productivity ranges on the network activities. The templated quick risk, or uncertainty register, will allow a risk analyst to load risk from a summary level while still utilizing the full logic from a detailed schedule of any size. Project managers can get very good results with this method by providing accuracy and traceability. Often the schedule maturity is more challenging than the risk analysis.
The templated quick risk crosses the duration quick risk strategy with filters. The duration ranges are strategically applied to filtered groupings instead of to all activities. The filters are saved and the duration ranges can be quickly updated and managed as the project progresses. The templated quick risk can demonstrate that that a risk analyst has done more than hurriedly thrown risk on every activity just to generate a random chart. This strategy is justifiable if done well and much less time consuming than manually loading the risk values on each activity.
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