Simulations to determine contingency and/or mitigation actions
Using fast Monte Carlo-simulation techniques you can gain insight into the required contingency in order to facilitate for schedule and cost uncertainty. The option to analyze the impact of mitigating actions to reduce risks creates effective risk responsplans. These two possibilities combined for the basis for risk adjusted scheduling, which in todays economic market is becoming the standardized approach in projectscheduling.
Project and Portfolio riskmanagement
Risks can be analyzed on both project as portfolio level. Take strategic decisions to initiate projects, based on portfoliomodels. Run traditional project level analyzis on single or multi-project schedules.
The basis of a quantitative project risk analysis is a deterministic schedule. Primavera Risk Analysis supplies standard integrationfeatures (import and export) with Primavera P6, Primavera P3 and Microsoft Project. Besides importing timerelated schedules, costs can be imported using Excel-sheets which can be made available from your ERP-systeem, like SAP, Oracle E-Business or JD Edwards.
Primavera Risk Analysis is used by several large contractors and companies to facilitate tendering processes in order to bid on feasible projects and is seen as one of the industry standards in project riskmanagement.