How can Primavera Risk Analysis help project managers...

1. How can Primavera Risk Analysis help project managers increase the probability of project success?

2. How does Primavera Risk Analysis work? And what are its limitations?

3. What is your understanding of the following probability distributions? Discuss how each can impact a project schedule and/or cost.

• • BetaPert
  • Triangle
  • Normal
  • Uniform

4. Based on your experience and your research so far, you can decide on the probability distribution (s) and the number of iterations for your simulation. Please explain the rational for your decisions.

5. What information have you obtained from the results of the simulation?

6. Explain how the results of the simulation may affect your commitment to the most likely completion date of the project.

7. What did you learn from the Tornado graph?