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Primavera Risk Analysis

You are here: Home / Primavera P6 / Primavera Risk Analysis

September 10, 2013 By Ten Six

Primavera Risk Analysis

Risk AnalysisHave you used Primavera Risk Analysis? If you are working on a major program it’s common for a more formal approach to risk analysis to be applied. Many Ten Six customers using Oracle Primavera P6 also use Oracle Primavera Risk Analysis the tool to support this process. Primavera Risk Analysis, which was formerly Pertmaster, is a great tool for performing schedule and cost risk analysis. It can help track and manage both quantitative and qualitative project risks, impacts and responses.

Some of the key features in Primavera Risk Analysis include:

  • Risk Analysis Guide
  • Schedule Check
  • Templated Quick Risk
  • Risk Register Wizard
  • Risk Register
  • Risk Analysis

Risk Analysis Guide

The Risk Analysis Guide in Primavera Risk Analysis introduces news users to the steps involved in running a risk analysis. This process includes:

  • Validating the schedule
  • Risk model development
  • Risk analysis
  • Reviewing the results

Integration and Quick Risk

With solid integration with Primavera P6, Primavera Risk Analysis allows you to run schedule integrity checks as you import your project schedule. This allows users to identify common scheduling pitfalls that may result in misleading schedule or risk analysis results. Primavera Risk Analysis can save time by not having to assign 3 point estimates to every task by using the Quick Risk feature to add uncertainty to each task.

Risk Analysis

Primavera Risk Analysis uses Monte Carlo-based cost and schedule analysis which covers numerous risk models including:

  • Estimate uncertainty
  • Task existence
  • Probabilistic branching
  • Fixed-cost uncertainty
  • Variable-cost uncertainty
  • Resource uncertainty
  • Conditional branching
  • Weather modeling

Primavera Risk Analysis provides a Risk Breakdown Structure (RBS) which allows you to categorize each risk in to a breakdown structure allowing for easy filtering for reporting. In addition, risk analysis can be made at both the project and portfolio level. The later offers support to strategic decision making during project selection.

Primavera Risk Analysis Reporting

Primavera Risk Analysis has some great reporting capabilities that includes not only the standard risk summary reports but also, drill down histograms, distribution graphs, tornado graphs and scatter plots. You can easily toggle between schedule and cost views and filter by task or resource.

Summary

All of these things make Primavera Risk Analysis the go to tool for Risk Analysis, particularly if you are using Primavera P6. The two way integration and rich capabilities provides full lifecycle cost and schedule risk analysis. This allows you to determine the confidence and risk factors in your schedule and manage your contingency and risk response plans.

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  • Training
    ▼
    • Primavera P6 Training
    • Deltek Training
    • Earned Value Management Training
    • Microsoft Project Training
    • Project Management Training
    • Open Training Class Dates
    • Customized Video Training Classes
  • Consulting
    ▼
    • Project Management
      ▼
      • Assessments and Health Checks
      • ISO 21500 Assessment
      • Organizational Change Management
      • Project Governance
      • Project Management Tool Selection
      • Risk Analysis Services
      • Scheduling Services
      • Project Management Staff Augmentation
    • Project Management Office (PMO)
      ▼
      • PMO Pulse Check
      • PMO Implementation Planning
      • PMO Organization Change Management
      • PMO Project Manager Leadership Development
      • PMO Planning Best Practices
      • PMO Scheduling Best Practices
      • PMO Enterprise Tool Training
      • Program Manager Challenges
    • Earned Value Management
      ▼
      • EVMS RFP Support
      • EVMS Assessments
      • Earned Value Management Tool Selection
      • EVMS System Description and Process Development
      • Integrated Baseline Review (IBR) Preparation and Conduct
      • EVM Certification Support
      • Integrated Master Schedule (IMS) Health Check
      • Action Plan Development for Progress Assessment Reviews
      • Earned Value Data Analysis and Reporting
      • WBS Guidelines for Government Acquisition Programs (MIL-STD 881D)
      • EVMS Staff Augmentation
    • Risk Management
      ▼
      • Risk Management Support and Consulting
      • Risk Management Maturity Assessment® (RMMA)
      • Risk Management Checkup Services (RMCS®)
      • Risk Management Training and Workshops
    • Portfolio Management
      ▼
      • IT Portfolio Management
      • Corporate Governance Portfolio Management
      • Product Portfolio Management
      • Public Sector Portfolio Management
      • New Product Development Portfolio Management
  • Software
    ▼
    • Primavera P6
      ▼
      • Primavera P6 Application Consulting
      • Primavera P6 BI Publisher Services
      • Primavera P6 Technical Consulting
      • Primavera P6 Integration
      • Primavera P6 Knowledge Transfer, Mentoring and Coaching
      • Primavera P6 Staff Augmentation
    • Primavera Unifier
    • Deltek Cobra
      ▼
      • Deltek Cobra Application Consulting
      • Deltek Cobra Knowledge Transfer, Coaching and Mentoring
      • Deltek Cobra Integration
      • Deltek Cobra Staff Augmentation
    • Microsoft Project
      ▼
      • Building an Integrated Master Schedule (IMS)
      • Integrating Microsoft Project with Deltek Cobra
      • Migrating From Microsoft Project To Oracle Primavera P6
      • Microsoft Project to Primavera P6 Conversion Service
  • Blog
    ▼
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    • Earned Value Mgmt
    • Microsoft Project
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  • Contact Us