We utilize Primavera’s Risk Management Software and can lead your Risk Analysis Workshop.

 

 

Panama Canal’s 3rd Set of Locks

SIS leading the Risk Analysis Workshop for the
Panama Canal’s 3rd Set of Locks “Primavera’s Overview:

Oracle’s Primavera Risk Analysis is a full lifecycle risk analytics solution integrating cost and schedule risk management. Primavera 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. Combined, these form the basis of a “risk adjusted schedule,” which today is becoming the norm within the planning and scheduling process.Benefits:

  • Identify common scheduling pitfalls that may result in misleading schedule or risk analysis results
  • Integrate pre-developed risk registers and define new risk registers
  • Address full lifecycle risk management through advanced Monte Carlo-based cost and schedule analytics
  • Report confidence levels with regards to finish dates, costs, float, internal rate of return and net present value”
What is the Probability of Your Project Finishing on Time?

We can take your schedule and produce a curve that will tell you the probability of your project finishing on time. All CPM schedules are based on uncertain activity durations so the finish date is most often incorrect. If our advanced analysis is performed early in the project, you will have time to react and adjust your schedule accordingly.

 

 

 

 

prob7
Schedule_Mechanics_Check – Is your schedule a CPM schedule?  CPM schedule can have only 2 open ends and the completion date will react to changes on the critical path.  If your schedule has more than 2 open ends (the first activity has no predecessor and the last activity has no successor) then the completion date may be incorrect and it is not a CPM schedule.  SIS can perform a check of your schedule’s mechanics to determine whether you can trust your schedule. Risk analysis should not be performed on a schedule that has more than 2 open ends.  Here’s a sample mechanics check report.

Sanity/Mechanics Check Report

Details of Risk Analysis Presentation

Primavera