Oracle’s Primavera Risk Analysis is the risk management system in which costs and schedules are integrated. A preventive and active approach in relation with the risks is essential for a project to be successful. Primavera Risk Analysis provides help with controlling and responding to potential risks. It is one of the most recognized standards when it comes to risk management. This software is user friendly and helps users to achieve a realistic and probabilistic planning.
Primavera Risk Analysis
Why Primavera Risk Analysis
- Primavera Risk Analysis can be used in combination with both Primavera P3, Primavera P6 and Microsoft Project. Through a user friendly integration tool, information can be easily imported and exported.
- Next to the element of time, costs can also be easily imported. This is usually done based by means of Excel sheets. These files can be imported from various information systems, such as SAP or Oracle’s JD Edwards.
- Analysis are carried out both at project and at the portfolio level. Thus, one can make strategic decisions and operational choices in a responsible manner.
- Weather conditions often have an undesirable impact on the progress of your project. With the help of the Weather Modelling tool you can take the weather conditions in account in your project management and you are able to respond to the weather expectations.
- Based on the simulation methods of Monte Carlo insight can be provided in the contingencies that are needed to combat insecurities.
We recommend Oracle’s Primavera Risk Analysis for organizations that need reliable quantitative project risk analysis. The strength of this package is in the dual function relative to the risks. On the one hand, the system gives an insight into the contingencies that can counteract the uncertainties in terms of time and cost. On the other hand, the effectiveness of any control measurements can be measured. These two features form the base of a probabilistic planning, which is a standard in project management. Probabilistic schedules are often used in DBFM (Design, Build, Finance and Maintain) and DBFO (Design, Build, Finance & Operate) contracts.