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Sarper Horata
Welcome to my project contingency management course.
This course will teach you to compare and contrast USM
and Monte Carlo simulation methods for simulating
schedule cost analysis and risk analysis to evaluate projects.
Read more
Welcome to my project contingency management course. This course will teach you to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis to evaluate projects.
Read more
Welcome to my project contingency management course. This course will teach you to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis to evaluate projects.
Setting up a new project can be daunting. In this course, Creating Project Contingencies, you’ll learn how to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis.
First, you’ll explore the unified scheduling method (USM) by applying it to a project schedule, budget, and risk register.
Next, you’ll discover the differences between the USM and a Monte Carlo analysis for risk analysis.
Finally, you’ll learn how to use USM and Monte Carlo simulations for scheduling and making cost analyses.
When you’re finished with this course, you’ll have the skills and knowledge of planning a project using different simulation methods needed to build project plans.
Register for this course and see more details by visiting:
OpenCourser.com/course/1u0srb/creating
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What's inside
Syllabus
Course Overview
Risk Management Basics
Applying USM to a Project and Budget
Monte Carlo Simulation for Risk Assessment and Comparison with USM
Read more
Syllabus
Course Overview
Risk Management Basics
Applying USM to a Project and Budget
Monte Carlo Simulation for Risk Assessment and Comparison with USM
Read more
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Intended for professionals wishing to evaluate projects using different simulation methods
Provides a foundational understanding of risk management, making it approachable for beginners
Involves applying concepts to practical examples, enhancing comprehension
Save this course
Save Creating Project Contingencies to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Creating Project Contingencies with these
activities:
Review project management fundamentals
Show steps
Refreshes foundational knowledge of project management concepts, preparing learners for the course content.
Browse courses on
Project Management
Show steps
-
Revisit project management frameworks (e.g., Scrum, Agile)
-
Review key project planning techniques (e.g., Gantt charts, PERT)
-
Recall basics of project scope, budget, and timeline management
Read 'Risk Management in Projects' by Ian Sommerville
Show steps
Reinforces course concepts by providing a comprehensive overview of project risk management practices.
View
Discovering Requirements: How to Specify...
on Amazon
Show steps
-
Review chapters on project risk identification, assessment, and mitigation
-
Explore case studies and examples to understand practical applications
Create a simulated project plan
Show steps
Provides hands-on experience in applying project planning techniques and understanding the impact of uncertainty.
Show steps
-
Define project scope, objectives, and constraints
-
Develop a work breakdown structure (WBS)
-
Estimate task durations, costs, and resources
-
Create a project schedule using a tool (e.g., Microsoft Project)
-
Conduct risk analysis and develop mitigation strategies
Five other activities
Expand to see all activities and additional details
Show all eight activities
Complete tutorials on Monte Carlo simulation in Python
Show steps
Develops technical proficiency in implementing Monte Carlo simulations for project risk analysis.
Browse courses on
Monte Carlo Simulation
Show steps
-
Understand the principles of random number generation and probability distributions
-
Learn to write Python code for Monte Carlo simulation
-
Apply simulations to model project uncertainty and assess risk exposure
Solve case studies on project risk analysis
Show steps
Develops problem-solving skills by applying concepts of USM and Monte Carlo simulation in real-world scenarios.
Browse courses on
Project Risk Analysis
Show steps
-
Analyze risk factors and their potential impact on project outcomes
-
Apply USM to model project schedule and cost uncertainties
-
Use Monte Carlo simulation to assess project risk exposure
-
Interpret simulation results and make informed decisions
Participate in peer discussion on project contingency management best practices
Show steps
Fosters collaboration and knowledge sharing among learners, reinforcing course concepts.
Browse courses on
Best Practices
Show steps
-
Join online forums or discussion groups
-
Share insights and experiences on project contingency management
-
Learn from others' perspectives and best practices
Write a blog post summarizing key concepts of USM and Monte Carlo simulation
Show steps
Solidifies understanding by requiring learners to articulate course concepts in a written format.
Browse courses on
Monte Carlo Simulation
Show steps
-
Write a clear and concise blog post explaining the concepts and their applications
-
Research and gather information on USM and Monte Carlo simulation
-
Organize and outline the key concepts
Contribute to open-source project using USM or Monte Carlo simulation
Show steps
Applies course knowledge in a real-world setting while contributing to the community.
Browse courses on
Monte Carlo Simulation
Show steps
-
Identify open-source projects related to project planning or risk analysis
-
Review existing code and documentation
-
Implement or enhance USM or Monte Carlo simulation functionality
-
Submit pull requests and collaborate with project maintainers
Review project management fundamentals
Show steps
Refreshes foundational knowledge of project management concepts, preparing learners for the course content.
Browse courses on
Project Management
Show steps
Show steps
Show steps
- Revisit project management frameworks (e.g., Scrum, Agile)
- Review key project planning techniques (e.g., Gantt charts, PERT)
- Recall basics of project scope, budget, and timeline management
Read 'Risk Management in Projects' by Ian Sommerville
Show steps
Reinforces course concepts by providing a comprehensive overview of project risk management practices.
View
Discovering Requirements: How to Specify...
on Amazon
Show steps
Show steps
Show steps
- Review chapters on project risk identification, assessment, and mitigation
- Explore case studies and examples to understand practical applications
Create a simulated project plan
Show steps
Provides hands-on experience in applying project planning techniques and understanding the impact of uncertainty.
Show steps
Show steps
Show steps
- Define project scope, objectives, and constraints
- Develop a work breakdown structure (WBS)
- Estimate task durations, costs, and resources
- Create a project schedule using a tool (e.g., Microsoft Project)
- Conduct risk analysis and develop mitigation strategies
Five other activities
Expand to see all activities and additional details
Show all eight activities
Complete tutorials on Monte Carlo simulation in Python
Show steps
Develops technical proficiency in implementing Monte Carlo simulations for project risk analysis.
Browse courses on
Monte Carlo Simulation
Show steps
Show steps
Show steps
- Understand the principles of random number generation and probability distributions
- Learn to write Python code for Monte Carlo simulation
- Apply simulations to model project uncertainty and assess risk exposure
Solve case studies on project risk analysis
Show steps
Develops problem-solving skills by applying concepts of USM and Monte Carlo simulation in real-world scenarios.
Browse courses on
Project Risk Analysis
Show steps
Show steps
Show steps
- Analyze risk factors and their potential impact on project outcomes
- Apply USM to model project schedule and cost uncertainties
- Use Monte Carlo simulation to assess project risk exposure
- Interpret simulation results and make informed decisions
Participate in peer discussion on project contingency management best practices
Show steps
Fosters collaboration and knowledge sharing among learners, reinforcing course concepts.
Browse courses on
Best Practices
Show steps
Show steps
Show steps
- Join online forums or discussion groups
- Share insights and experiences on project contingency management
- Learn from others' perspectives and best practices
Write a blog post summarizing key concepts of USM and Monte Carlo simulation
Show steps
Solidifies understanding by requiring learners to articulate course concepts in a written format.
Browse courses on
Monte Carlo Simulation
Show steps
Show steps
Show steps
- Write a clear and concise blog post explaining the concepts and their applications
- Research and gather information on USM and Monte Carlo simulation
- Organize and outline the key concepts
Contribute to open-source project using USM or Monte Carlo simulation
Show steps
Applies course knowledge in a real-world setting while contributing to the community.
Browse courses on
Monte Carlo Simulation
Show steps
Show steps
Show steps
- Identify open-source projects related to project planning or risk analysis
- Review existing code and documentation
- Implement or enhance USM or Monte Carlo simulation functionality
- Submit pull requests and collaborate with project maintainers
Career center
Learners who complete Creating Project Contingencies will develop knowledge and skills
that may be useful to these careers:
Project Manager
Project Manager
A Project Manager ensures that the project is completed within the agreed-upon timeline, budget, and quality standards. This course will provide you with the skills and knowledge necessary to become a successful Project Manager by enhancing your understanding of project scheduling, cost analysis, and risk assessment.
Risk Analyst
Risk Analyst
A Risk Analyst plays a crucial role in identifying, assessing, and mitigating risks throughout the project lifecycle. This course will equip you with the advanced risk analysis techniques, such as Monte Carlo simulations, that are essential for a successful career as a Risk Analyst.
Cost Analyst
Cost Analyst
A Cost Analyst is responsible for planning, forecasting, and managing project costs. This course will provide you with a strong foundation in project budgeting and cost analysis methods, which are in high demand for Cost Analysts.
Project Engineer
Project Engineer
A Project Engineer provides technical expertise and support throughout the project lifecycle. This course will strengthen your knowledge of project scheduling, cost analysis, and risk assessment, which are valuable assets for a Project Engineer.
Project Control Analyst
Project Control Analyst
A Project Control Analyst monitors project progress, identifies deviations, and recommends corrective actions. This course will enhance your proficiency in project scheduling, cost analysis, and risk assessment, which are vital skills for a Project Control Analyst.
Project Planner
Project Planner
A Project Planner is responsible for developing and executing project plans. This course will provide you with a comprehensive understanding of project planning, risk assessment, and cost analysis, which are essential for success as a Project Planner.
Scheduler
Scheduler
A Scheduler develops and maintains project schedules to ensure timely completion. This course will deepen your understanding of project scheduling techniques, allowing you to excel as a Scheduler and effectively manage project timelines.
Program Manager
Program Manager
A Program Manager oversees multiple projects and ensures their alignment with strategic objectives. This course will enhance your ability to manage project portfolios and effectively prioritize projects, which are key responsibilities for Program Managers.
Project Coordinator
Project Coordinator
A Project Coordinator assists in project planning, execution, and administration. This course will provide you with a solid understanding of project management principles, including scheduling, cost analysis, and risk management, which are essential for Project Coordinators.
Operations Manager
Operations Manager
An Operations Manager oversees the day-to-day operations of an organization. This course may be helpful in providing you with a better understanding of project management principles, including scheduling, cost analysis, and risk assessment, which can be valuable for Operations Managers in improving operational efficiency.
Construction Manager
Construction Manager
A Construction Manager is responsible for the planning, execution, and control of construction projects. This course will provide you with valuable knowledge in project scheduling, cost analysis, and risk management, which are essential for Construction Managers in the planning and execution of construction projects.
Business Analyst
Business Analyst
A Business Analyst identifies and analyzes business needs and develops solutions to improve business processes. This course may be helpful in enhancing your understanding of project management techniques and risk assessment, which can be beneficial for Business Analysts in evaluating and implementing business solutions.
Management Consultant
Management Consultant
A Management Consultant provides advisory services to organizations to improve their performance. This course may be helpful in providing you with a broader perspective on project management, including scheduling, cost analysis, and risk assessment, which can be valuable for Management Consultants in advising clients on business strategies.
Quality Assurance Manager
Quality Assurance Manager
A Quality Assurance Manager ensures that products and processes meet quality standards. This course may be helpful in providing you with a better understanding of project planning and risk assessment, which can be valuable for Quality Assurance Managers in establishing and maintaining quality standards.
Product Manager
Product Manager
A Product Manager is responsible for the development and management of products throughout their lifecycle. This course may be helpful in enhancing your knowledge of project planning and scheduling, which can be beneficial for Product Managers in managing product roadmaps and ensuring timely product delivery.
For more career information including salaries, visit:
OpenCourser.com/course/1u0srb/creating
Reading list
We've selected ten books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Creating Project Contingencies.
Provides a comprehensive overview of quantitative risk assessment in project management, including techniques such as Monte Carlo simulation and decision analysis. It would be a valuable resource for anyone seeking to develop their skills in this area.
Provides a detailed guide to project management risk management, covering topics such as risk identification, analysis, and response planning. It would be a valuable resource for anyone involved in managing projects, particularly those in construction.
Provides a practical guide to risk management for projects, covering topics such as risk identification, analysis, and mitigation. It would be a valuable resource for anyone involved in managing projects, particularly those in construction.
Comprehensive guide to project management and includes a section on project risk management. It good resource for those who want to learn more about the principles and practices of project management.
Provides a practical guide to risk management in projects. It good resource for those who want to learn how to implement risk management in their own projects.
Provides a step-by-step guide to project risk management. It good resource for those who want to learn how to identify, assess, and mitigate project risks.
Provides a comprehensive overview of Monte Carlo simulation for project risk management. It good resource for those who want to learn how to use Monte Carlo simulation to assess project risks.
Provides a comprehensive guide to project risk management. It good resource for those who want to learn more about the principles and practices of project risk management.
Provides a comprehensive guide to project risk management. It good resource for those who want to learn more about the principles and practices of project risk management.
Provides a practical guide to project risk management. It good resource for those who want to learn how to implement risk management in their own projects.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/1u0srb/creating
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Time
98 hours
Level
Intermediate
Via
Pluralsight
Instructor
Sarper Horata
Language
English
Good to know
Intended for professionals wishing to evaluate projects using different simulation methods
Provides a foundational understanding of risk management, making it approachable for beginners
Involves applying concepts to practical examples, enhancing comprehension
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