shutdown & Turnaround Project Planning & Execution

1) Course Introduction

This course introduces quantitative risk assessment and the use of Monte Carlo simulation for schedule and cost risk modeling.

At the analytical risk core, Seattle International Institute for Training integrates probability modeling, sensitivity analysis, and predictive planning.

2) Key Learning Objectives

Participants will learn to:

• Perform quantitative risk analysis
• Use Monte Carlo simulation for forecasting outcomes
• Analyze schedule and cost uncertainty
• Develop risk-adjusted project plans
• Improve confidence levels in project decisions

3) Target Audience

• Project controllers
• Risk engineers
• Planners & schedulers
• PMO analysts

4) Course Importance & Business Impact

Quantitative risk modeling enhances forecasting accuracy and reduces project uncertainty.

5) Practical Modules / Key Topics

• Probability distributions
• Monte Carlo simulation
• Cost & schedule risk modeling
• Sensitivity analysis
• Risk-adjusted planning