How do you assess the effect of risks and uncertainties on potential projects and portfolios? information request
Primavera Risk Analysis, formerly Pert Master is a full lifecycle risk analytics solution integrating cost and schedule risk management. Risk Analysis provides a comprehensive means of determining confidence levels for project success together with quick and easy techniques for determining contingency and risk response plans.
You’ll have an objective view of required contingency to account for cost and schedule uncertainty as well as analyzing the cost effectiveness of risk response plans. These combined form the basis of a ‘risk adjusted schedule' which today is becoming the norm within the planning and scheduling process.
Scores of companies and organizations have successfully implemented and are presently using Primavera Risk Analysis to manage uncertainties for; assessing bid validity, realistic assignment and forecasting project funds and contingencies, intelligent risk mitigation scenarios and modeling and reporting ‘Real World’ events such as weather impacts.
Key benefits of utilizing Primavera Risk Analysis
Integrated schedule and cost risk analysis
- Import from Primavera and MS Project
- Simple cost loading (if needed)
- Assess impact of risk on cost and schedule
- Evaluate schedule and cost contingencies
Methodology-based risk analysis
- Assess schedule quality
- Apply and identify risk and uncertainty
- Run Monte Carlo simulations
- Develop risk response plans
- Qualitative and quantitative assessments
- Apply risk to specific schedule activities
- Create and assess risk mitigation plans
Reporting and outputs
- Schedule and cost distributions
- Schedule and cost risk drivers
- Mitigation plans and scenario analysis
- Probabilistic cash and resource flows
Contact Randy Alessio for more information either by phone at 609-299-1585, ext. 288 or by email at ralessio @ipsys-3.com
Import schedules from P3, P6 or XER files
Import schedules from Microsoft Project or Project Server.
Combine cost and schedule for integrated risk analysis. Information can be combined from non-cost loaded schedules and MS Excel cost estimates.
Verify schedule quanlity by checking for schedule best-practices.
Review results of schedule quality assessment.
Apply estimate uncertainty consistently through the use of templates.
Conduct qualitative and mitigation planning using the risk register.
Map risks to activities they impact.
Create risk impacted scenarios.
Run the analysis and view the reports.
Use distribution graphs to view results for the entire project or selected WBS or activity. See the impact of risk on project & activity dates and cost. Shows probability of success and contingency needed.
Tornado graphs display schedule & cost drivers. Drivers can be schedule uncertainty or risk events.
Scatter plots show the relationship between time and cost. Combined probability of meeting cost and schedule.
Use the distrubtion analyzer to compare the impact of risk and the effects of mitigation
A probabilistic cash flow shows the impact of uncertainty and risks on cash flow and resources. It also shows the difference between what was planned and what is probable.