A Quantitative Risk Analysis Training

QRM™ Quantitative Risk Management Training - QSRA and QCRA

Become the Professional Who Can Independently Build QSRA & QCRA Models and Defend Risk-Based Decisions with Confidence

A 3-Week Quantitative Risk Analysis Course to Build QSRA, QCRA, and Risk-Based Decision-Making Skills

Book your spot for Jan 2026
  • Early-bird admission participants may choose 2 monthly installments. (Open)
  • Live cohorts are limited to 12 seats.

QRM – Quantitative Risk Management Training is a focused, 3-week, live QSRA training and QCRA training program that installs those skills clearly, practically, and ethically.

No academic detours.
No black-box modeling.
No certificates without competence.

Just real, applied project risk management quantitative capability.

This quantitative risk analysis course is designed for professionals who want to move beyond qualitative project risk methods and become trusted quantitative decision-support experts.

If your career is reaching a ceiling because you understand project risk conceptually but cannot yet independently build and explain quantitative models, this training was designed for you.

This quantitative risk analysis course is built for project professionals working across the UK, the UAE, Saudi Arabia, and the wider GCC who need practical QSRA and QCRA skills for real project decisions.

Organizations increasingly require professionals who can perform schedule risk analysis, cost risk analysis, and integrated cost and schedule risk analysis using defensible quantitative methods.

Who This Quantitative Risk Analysis Training Is (and Is Not) For

This training is for you if:

  • You work in project risk, planning, cost, schedule, or decision support

  • You want hands-on QSRA training and QCRA training, not theory alone
  • You work in Project Controls planning, cost, schedule, or decision support
  • You want to perform probabilistic schedule training and cost risk analysis independently
  • You aim to advance in project risk or quantitative decision-making roles

This training is NOT for you if:

  • You are looking for shortcuts or purely academic exposure

  • You work in project risk, planning, cost, schedule, or decision support

  • You want a certificate without hands-on modeling work
  • You are unwilling to complete exercises, quizzes, and a capstone project

This quantitative risk analysis course rewards effort and application, not passive attendance.

This Quantitative Risk Analysis Course Helps You Achieve

  • Build a Risk Data Engine - RDE™ to help you prepare data for your Risk Models.
  • Independently perform Cost Risk Analysis (QCRA) and Schedule Risk Analysis (QSRA)
  • Develop integrated cost and schedule risk analysis (ICSRA) models

  • Use quantitative outputs to support risk-based decisions, not just reports

Many participants describe the biggest shift as this:

That capability is what differentiates Risk Analysts from trusted decision-support professionals.

The 3 Core Components of the QRM Quantitative Risk Analysis Course

1. Quantitative Thinking & Risk Data Foundation

Every effective quantitative risk analysis begins with how uncertainty is understood.

In this component, you develop a strong foundation in probability theory as it applies directly to project risk management quantitative analysis, not abstract mathematics.

You then build a Risk Data Engine (RDE) that structures assumptions, distributions, correlations, and traceability the backbone of every QSRA and QCRA model you will create.

This foundation ensures your Monte Carlo simulation in Excel or specialized software is defensible and transparent.

2. Quantitative Risk Modeling (QCRA, QSRA and ICSRA)

This is where most professionals feel blocked.

You will build QCRA models for cost risk analysis and QSRA models for schedule risk analysis, followed by integrated cost and schedule risk analysis (ICSRA).

The modeling principles taught apply whether you work in Excel-based Monte Carlo simulation, Safran Risk Analysis, Primavera P6 schedule risk analysis, Deltec or dedicated tools.

This training is tool-agnostic. We demonstrate in Excel + show examples in Safran Risk, but the method applies anywhere.

By the end of this component, you can independently structure, run, and validate quantitative risk models. 

Either a Schedule Risk Analysis or Cost Risk Analysis


QSRA - Schedule Risk Analysis
PDF P80 QSRA Schedule Risk Analysis Safran Risk
QCRA - Cost Risk Analysis
PDF P90 QCRA - Cost Risk Analysis PDF - ModelRisk
JCL of ICSRA
JCL Training Joint Confidence interval

3. Risk-Based Decision Integration

Quantitative analysis only adds value when it Risk informs decisions.

In this component, you learn how to interpret percentiles, confidence levels, and risk exposure and communicate them clearly to stakeholders.

You focus on turning QSRA and QCRA outputs into decision-ready insights.

This is where your role evolves from analyst to decision partner.

Comparing between different CDFs in Safran Risk
QSRA Tornado Graph Safran Risk

Capstone Project/Case Study

This isn’t theory. You’ll complete a capstone designed as an industry-related case study dataset, with hands-on simulations of real project conditions.
By the end, you will submit: 
  • Schedule Risk Model (QSRA)
  • Cost Risk Model (QCRA)
  • Risk-Aware Decision Report + Recommendation

The 3 Transformation Stages You’ll Go Through

1. Quantitative Thinking & Risk Data Engine (RDE) Foundations

You master probability fundamentals and build your Risk Data Engine, gaining confidence in uncertainty modeling.

Included Modules:
M1 – Foundation of Quantitative Thinking
M2 – Building the Risk Data Engine (RDE)

2. Quantitative Risk Modeling (QCRA, QSRA & ICSRA)

You independently perform QSRA training, QCRA training, and ICSRA modeling through hands-on exercises.


Included Modules:
M3 – Building a QCRA Model
M4 – Building a QSRA & Integrated ICSRA Model

3. Risk-Based Decision Integration

You interpret results and support defensible, risk-informed decisions with confidence.

Included Modules:
M5 – Risk-Based Decision Making

QRM Quantitative Risk Analysis Course contents

You will get access to Monte-Carlo Simulation Software

Software Access

ARGO

You will Get Free Access to ARGO a Monte-Carlo Software

Safran Risk Training License

Safran Risk 30 day training license

ModelRisk Training License

ModelRisk 14 day training license

What you get (templates + assets you can reuse at work)

Write your awesome label here.

All used Schedule and Cost models

Guidebook for all practices 

Quantitative Risk report template 

Quantitative Risk Register Template

What Also included

AI = Your Risk Assistant

We are lucky to be in the world of AI.

You’ll learn to use GPT-based tools and prompts to accelerate risk analysis 
Without ever outsourcing your judgment.
You stay in control, AI helps you move faster.
Our Approach in the QRM Training Course.
Is not to depend on AI but utilize AI to make your life easier.


You will have GPTs or Prompts that you can use for day-to-day activities.

So you will learn to be knowledgeable about QRM.
And Ai will be your best assistant to implement, and your QRM Training Course knowledge to judge.
Write your awesome label here.

Risk Data Engine GPT

To help you build your first Risk Data Engine
Write your awesome label here.

Probability Distribution Selection GPT

To Help you to select your best Probability Distribution
Write your awesome label here.

Quantifiable Risk Statement GPT

To help you write proper quantifiable Risk statements

Decision Support GPT

This GPT will help you to do proper Risk Based Decision Support

Quizzes, exercises, exam, certification

Quiz after every session 

Quizzes to ensure you have understood the subject

Exercises after each module

Exercises after each module to ensure you are able to apply what you have learnt

Final exam + certificate (included, tied to capstone delivery) 

To ensure you have installed all of the needed skills

The certification process is designed in two steps:

1. Certificate of Completion

You will get a Certificate of Completion of Quantitative Risk Management Course


2. QRMCert. Certificate

After you complete the exam.

QRMCert. Quantitative Risk Management Exam and Certificate

Instructor

Rami Atef Salem

Rami is a seasoned risk management professional with 14 years of experience in the Oil and Gas industry Approved Consultant from Saudi Aramco and ADNOC, specializing in Quantitative Risk Assessment (QRA), decision-making models, and project risk analysis. As an expert in Safran Risk and advanced risk techniques, he has guided countless professionals in transitioning from qualitative to quantitative approaches in risk management.
Rami Salem

Global Experience in Risk Management and Complex Projects

Learning from someone who have doing it

Global Presence

Understands the practicality of applying QSRA and QCRA
Rami Salem

Some of the Testimonials

Screen Testmonials by Rami Salem

QRM Quantitative Risk Analysis Training

Learn How to find Data, Build a Schedule Risk Analysis, Cost Risk Analysis and Make better decisions with Risk Management (Online Version)
Format

Virtual Live Session (Zoom)

Duration
(24 Contact Hours)
3 Weeks
4 sessions per week
2 hours per session
Starting Date Time

31 January 2026
5:30 PM UK time all sessions

Maximum Attendees

12 Students

Recordings

Recordings  will be availed


Across the 3 weeks, you complete 5 structured modules that align directly with modern schedule risk analysis training and cost risk analysis training practices.

Week 1: Quantitative thinking + RDE
Week 2: QSRA / QCRA / ICSRA modeling
Week 3: Interpretation + decision integration

Designed to fit alongside full-time work.

Other Self-Paced Options

  • 100% Moneyback Guarantee within first 14-day from training, if the subject cannot be understood
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Learn more about QSRA and QCRA

Frequently asked questions

What’s the difference between QSRA and qualitative risk reviews?

Qualitative ranks risks; QSRA quantifies finish dates (P50/P80/P90), top drivers, and mitigation impact using Monte Carlo.

Can you work with our P6/MS Project schedules?

Yes — import P6 XER / MSP XML, fix integrity issues, and return a clean, simulated network.

How many iterations do you run?

Typically 5k–10k with convergence; random seed locked for reproducibility.

Do you integrate cost risk (JCL)?

Yes — we model time-cost confidence so executives can trade contingency vs confidence.

How often should QSRA be updated?

Monthly or at gates; sooner if critical scope, suppliers, or constraints change.

Is IQRM a registered vendor for Saudi Aramco?

Yes — registered vendor (ID available on request). We also have hands-on delivery experience with ADNOC.

Is this beginner-friendly?

Yes. We start from fundamentals and build up to QSRA/QCRA/JCL.

Do I need statistics background?

No. We teach the math you’ll actually use (distributions, sampling, confidence).

Do I need paid software?

No. Excel/Google Sheets are enough. We’ll show optional pro-tool workflows.

How is the exam/certificate handled?

Quiz after each session, capstone submission, final exam. Certificate included.

What’s included for corporate cohorts?

Cohort portal, progress tracking, private office hours, and tailored case data.
Contact details

Still Have Questions?
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Address
Rolex Tower, Shiekh Zayed Road
Phone
+971503625784
E-mail
info@iqrm.net
Hours of operation
Monday - Friday 9.00 - 19.00

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