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