IQRM · QSRA training and consulting · UK & GCC
QSRA training, taught the way it is applied on real projects.
So the next time someone asks “where did that P80 come from?”, you have the answer. Build a QSRA and QCRA on a real project schedule, defend it in a capstone review, and earn QRMCert.
This month at IQRM.
Meet us at Project Controls Expo UK, Booth 11.
See the Risk Data Engine live: how evidence from your own project turns into P80 and P90 results you can defend.
Missed us at Project Controls Expo?
Book a walkthrough of the Risk Data Engine on your own schedule and see where your P80 comes from.
The Risk Manager Pathway: from planner to risk manager.
Specialist, then the Professional Hybrid, then QRMCert. The complete route into quantitative risk for planning and project controls professionals.
The QRMBOK Guide: from heat maps to hard numbers.
IQRM's body of knowledge for quantitative risk management. 12 chapters, from the quantitative register to integrated cost and schedule risk. Start with a free chapter.
IQRM vs PMI-RMP: which QSRA credential is right for you?
An honest comparison of scope, method and what each credential lets you actually do on a project.
"Over the past year I have had the opportunity to send three members of my team... What particularly stood out was Rami's ability to bridge the gap between quantitative risk theory and practical application."
Ajay Patel · Head of Project and Programme Risk
"There is a gap in the market for people that can do QRA, particularly QSRA, there is an even bigger gap for people that can teach it well. Rami can do that."
"Rather than simply focusing on how to use the systems e.g. Safran, the course builds a strong foundation in the gold standard principles of Quantitative Risk Management."
Four things you can put in front of a project director.
Your own QSRA Real capstone
From a participant's submission: "The P80 date... adds on 623 days to the deterministic date, or 21%." Then they explain which date the contractor and the client would choose, and why.
The drivers
A tornado of the few risks and uncertainties that actually move the date.
Your own QCRA
Cost contingency sized and justified at each confidence level.
QRMCert, after a real review
Your capstone is reviewed by the instructor before you sit the exam. The certificate means you built a model and defended it.
QSRA output and certificate are real participant materials. The tornado and QCRA charts are illustrative.
QSRA training programmes. Pick the one that fits.
Every programme ends with a model you built yourself. Moving from planning into risk? Start with the Risk Manager Pathway.
QRM Professional, self-paced
Best if you already run Monte Carlo and want the method, on your own schedule.
Capstone and exam included
- Full QSRA, QCRA, Monte Carlo and JCL programme
- Capstone review by the instructor
- QRMCert exam, CPD certified
QRM Professional, Hybrid
Best if you want live feedback on your own model as you build it.
£695 from 30 Oct · until 29 Oct left
- Full QSRA, QCRA, Monte Carlo and JCL programme
- 8 live advisory sessions over four months
- Capstone review by the instructor
- QRMCert exam, CPD certified
QRM Professional, Hybrid
Best if you want live feedback on your own model as you build it.
Self-paced plus four months of live advisory
- Full QSRA, QCRA, Monte Carlo and JCL programme
- 8 live advisory sessions over four months
- Capstone review by the instructor
- QRMCert exam, CPD certified
Live cohort for your team
Best if 3 or more of your team need it. Taught live by Rami, for your team only.
Per delegate · invoiced to your organisation
- Taught live on your own project data
- Onsite or online, UK and GCC
- Private portal and progress tracking
- UK and GCC purchase orders accepted
The Risk Manager Pathway. From planner to risk manager.
The complete route into quantitative risk for planning, project controls and cost professionals. You already own the schedule. This adds the method, the models and the credential.
- 01QRM SpecialistFoundations: risk registers, probability and Monte Carlo, built hands-on.
- 02QRM Professional, HybridBuild and defend your own QSRA and QCRA, with 8 live advisory sessions over four months.
- 03QRMCertCapstone review and exam, plus an introduction to PACE Global, the UK project controls and risk recruiter.
Start today
Begin with the Specialist. Your £50 credit applies when you move up to the Hybrid.
Start the pathway →"This course stood out as the most practical one, emphasizing the "How" of risk management."
Karim Ragab · MBA, PMP, QRM
and cost risk
Taught by someone who runs QSRA on live projects every week.
Rami Salem founded IQRM after 15 years of quantitative risk work on oil & gas, EPC and infrastructure capital projects. What he teaches on Tuesday, he used on a project the week before.
"He made sure to not just cover the 'how', but also the 'why'... There is a gap in the market for people that can do QRA, particularly QSRA, there is an even bigger gap for people that can teach it well."
Joseph, MBCI · Risk & Assurance Manager, JET Decommissioning and Repurposing Programme, UKAEA
Independent QSRA consultants. How confident are you in that date?
Independent QSRA and QCRA for sponsors, owners and EPC contractors, at every stage from business case to handover. Evidence-based inputs from your project's own performance, not workshop opinion, so the answer holds up at the Gateway review and in front of the board.
Will your P80 survive the Gateway review? In 30 minutes we'll tell you where it's exposed.
Support at every stage
From Strategic Outline Case to handover, a schedule and cost position your SRO can take into every Gateway review.
-
01
Options & Strategic Outline Case
Gate 0 & 1 · Strategic assessment, Business justification
Schedule and cost ranges for each option, so the shortlist and the optimism bias allowance rest on evidence.
Energy: FEL 1 / Appraise -
02
Outline Business Case
Gate 2 · Delivery strategy
QSRA and QCRA on the preferred option. P50 and P80 for the funding envelope, and the risks your NEC4 or FIDIC strategy should allocate.
Energy: FEL 2 / Select -
03
Full Business Case & investment decision
Gate 3 · Investment decision
Integrated cost and schedule risk, contingency at P50 / P80 / P90, and a sanction-ready report. Bid risk review for contractors pricing the tender.
Energy: FEL 3 / FID -
04
Delivery
Between Gate 3 and Gate 4
Regular QSRA updates, recovery options when the date moves, and variations tested before you approve them, not after.
Energy: Execute -
05
Readiness for service & handover
Gate 4 · Readiness for service
Confidence in the commissioning and handover dates, and how much contingency can safely be released.
Energy: Commissioning & start-up
What recent assessments found, that the plan did not show
How an engagement runs
Scope
A prerequisites list with the reason for each item, so we ask once.
Assess
Schedule, estimate, register and project records, typically within two weeks.
Model
QSRA, QCRA or integrated cost and schedule, built on evidence.
Decide
P50 / P80 / P90, the top drivers, and the actions that recover time.
Not ready for a full engagement? Start here
Your project records already hold the range. The RDE measures it.
Most Monte Carlo models still run on three-point estimates agreed in a workshop. The Risk Data Engine replaces them with ranges measured from your own project: weather downtime, construction productivity, engineering review cycles, procurement lead times and site disruption. Every input traces back to a record, so the P80 holds up when the board asks where it came from.
Live demo: Project Controls Expo UK, Wembley, Booth 11, 2 to 4 November.
Your project's own records
measured, not agreed in a workshop
What comes out
The guides risk professionals find us through.
Most read
Monte Carlo simulation in Excel
Read the guide →P50, P80 and P90 confidence levels, explained
Read the guide →Primavera Risk Analysis (Pertmaster): a practitioner's guide
Read the guide →Comparing options before you enrol
IQRM vs PMI-RMP: which QSRA credential is right for you?
Read the comparison →IQRM vs AACE PRMP & DRMP: which risk credential wins?
Read the comparison →QSRA training compared: a buyer's guide to 12 providers
Read the guide →Not ready to enrol? Read a chapter of the QRMBOK Guide first.
One full chapter from the Quantitative Risk Management Body of Knowledge, First Edition, free. See how the method works before you commit to a programme.
QSRA training and QSRA consultants across the UK and GCC
Before you decide.
Training
What is QSRA training?
QSRA (Quantitative Schedule Risk Analysis) training teaches you to build a risk-loaded schedule, run Monte Carlo simulation and report P50, P80 and P90 dates. At IQRM you build your own QSRA and QCRA on a real project schedule in Safran Risk, then defend it in a capstone review for QRMCert.
I'm a planner. Should I learn QSRA?
Yes. Planners already own the schedule, the hardest input. The Risk Manager Pathway was built for exactly this move: Specialist, then the Professional Hybrid, then QRMCert. Past participants with no schedule background issued their own QSRA by the end.
I'm not sure I'm ready.
Start with the QRM Specialist, or sit the first live session of the Hybrid and email before session two for a full refund.
Does it cover my software?
You learn in Safran Risk. The method carries to @Risk, ARGO or whichever Monte Carlo tool your organisation uses, alongside Primavera P6.
My employer needs to approve it.
Ask for a formal quotation with CPD details and learning outcomes, ready to forward. UK and GCC purchase orders accepted.
Consulting
What does a QSRA consultant do?
A QSRA consultant independently tests how likely your project is to finish on time. IQRM's consultants check schedule health, derive uncertainty from your project's own evidence, run the Monte Carlo analysis and report P50, P80 and P90 dates with the drivers behind them.
Which project stage do you support?
Every stage. Options and Strategic Outline Case, Outline and Full Business Case for Gateway reviews 0 to 3, delivery, and readiness for service at Gate 4. On energy projects, the same support maps to FEL 1 to 3 and FID.
We already have a QSRA. Why bring you in?
For an independent view. We test whether the inputs trace back to project evidence and whether the P80 holds under challenge.
Our contractor won't share data.
The data usually exists in weekly and monthly reports. We tell you exactly what to request and why.
It's a tender. There is no project data yet.
We use the planning basis and similar past projects, and quantify the ITB risks for your bid contingency.
How fast can you start?
After a short call you receive a scoped proposal and the prerequisites list.
Your next QSRA could be one you built, and can defend.
Hybrid at £595 for until 29 Oct. Full refund if you email before session two.
CPD-certified programmes from £499. Full refund if you email before session two.
IQRM, the Institute of Qualified Risk Managers, is a specialist institute in quantitative risk management, delivering Quantitative Schedule Risk Analysis (QSRA), Quantitative Cost Risk Analysis (QCRA) and Monte Carlo simulation training and consulting to major capital projects across the United Kingdom, Saudi Arabia and the UAE.
QRM Training
Consulting
Knowledge Hub
QSRA on UK Major Projects
London, United Kingdom
IQRM Project Management Consultancy Ltd
128 City Road, London, EC1V 2NX
info@iqrm.net
QSRA Training UK
Dubai office, UAE
Rolex Tower, Sheikh Zayed Road, Dubai
+971 50 362 5784
QSRA Training UAE
Saudi Arabia
Riyadh delivery for giga-projects and Vision 2030 programmes.
QSRA Training Saudi Arabia
info@iqrm.net
IQRM Project Management Consultancy Ltd is registered in England and Wales, company number 17523501. Registered office: 128 City Road, London, EC1V 2NX, United Kingdom.
