Abstract
- Objective – Show how to perform schedule risk analysis without expensive tools, using practical methods and generative AI.
- Context – Traditional risk tools like Primavera Risk Analysis and Crystal Ball are costly and not always accessible.
- Impact – Delays in projects cause significant financial, operational, and reputational damage.
- Delay Drivers – Key risks include poor communication, unrealistic schedules, scope creep, resource shortages, technical issues, and regulatory delays.
- Analysis Steps – Evaluate schedule quality, assign uncertainty, define risk events, run analysis, plan mitigations, update estimates, and publish results.
- Quality Checks – Verify logic ties, durations, resource allocation, constraints, deadlines, and float.
- Risk Quantification – Use best-case, most-likely, and worst-case durations; identify correlations between activities.
- Demonstration – Create a sample 10-activity project schedule with AI, assign risks, estimate probabilities and impacts.
- Simulation – Run a Monte Carlo simulation with 10,000 iterations (no premium software) to forecast project completion range.
- Scalability – The same method can model milestones, cost estimates, and live project completion forecasts.
About the speaker
Sharat Rajan, PMP is a Project Controls Leader with over 20 years of international experience managing cost, schedule, and risk for mega-projects in oil & gas, offshore wind, civil infrastructure, and real estate.
He has delivered projects exceeding $10 billion in value across the USA, Europe, Middle East, and Asia.
A PMP-certified PMO Architect, Sharat specializes in integrating cost, schedule, and risk frameworks to ensure delivery excellence.
As a Global Product Owner for Primavera and risk analysis tools at Shell, he led digital transformations that improved planning efficiency worldwide.
He has trained over 250 professionals in Primavera and advanced project planning techniques.
He has worked with Shell and Turner & Townsend, and as a consultant for PDO, the Washington DC Government, Walmart, Jaguar, and numerous real estate companies in Bangalore.
Sharat is a founding member of the Engineering & Construction Forum in PMI Bangalore Chapter and a past Associate Vice President of the chapter.
He is known for simplifying complex project controls into practical, actionable strategies for professionals at all levels.
Passionate about sharing his knowledge in Primavera, Project Control and risk.
In this webinar, he brings a hands-on, no-expensive-software approach to schedule risk analysis that attendees can apply immediately