PRIMAVERA RISK ANALYSIS
TEMPLATED QUICK RISK
When applying three point estimates to duration on activities in a Risk model, don’t you wish there was a fast way to populate groups of activities with similar ranges simultaneously? Other than Duration Quick Risk, which assigns the same percentages to the minimum, most likely and maximum durations for all activities in the schedule, there is another function in the tool that allows for a bit more sophistication.
Contained within the Primavera Risk tool is a function called Templated Quick Risk (see Figure 1). The function allows for applying minimum, most likely and maximum durations as a percentage of the remaining durations, to groups of activities based on code fields assigned to those groups of activities. It uses templates to apply different levels of uncertainty to tasks in the schedule. These templates can be saved and reused on other schedules as needed.
This tech tip will describe step by step creating codes, adding to specific activities and building out the Template in order for those desired range of values to populate.