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Description
In NetRisk, the likelihood of a risk occurring can be independent among the activities it is associated with, and it may even vary across those activities. This distinction allows for a more accurate representation of risk responses, particularly for activities that are planned years apart or located at different project sites. The automated risk sensitivity analysis feature in NetRisk continuously re-evaluates the entire simulation by systematically excluding the risk that poses the greatest threat. This process generates a tornado chart that details the precise number of days each risk influences the project's completion timeline. Unlike CPM risk analysis, which assumes early starts for all activities, NetRisk realistically accounts for the use of float, leading to a more accurate assessment of completion probabilities. By permitting activities that are not on the critical path to begin later, NetRisk can effectively model scenarios for resource optimization, pacing of progress, or other strategic considerations, ultimately resulting in a more dependable project model. This level of analysis enables project managers to make more informed decisions about risk management and resource allocation.
Description
Safran Risk integrates comprehensive schedule and cost risk analysis, enabling you to explore alternative delivery methods and make informed choices to achieve project success. Relying on outdated tools may leave you with limited capabilities, lack of valuable integrations, and an inability to conduct real-time modeling and analysis swiftly. However, with Safran Risk, you gain the power to overcome these challenges. Are you truly aware of how uncertainties and risks can affect your projects? Safran Risk transforms your risk data into actionable time and cost insights, helping all stakeholders grasp the significance of each risk's impact. Seamlessly merge advanced project schedule risk and cost risk analysis for enhanced understanding and smarter, immediate decision-making. By utilizing Safran Risk, you can significantly improve your ability to comprehend, manage, and mitigate risks, ultimately leading to superior project outcomes. With better risk management, your projects can achieve both efficiency and effectiveness in execution.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
PMA Technologies
Founded
2011
Country
United States
Website
pmatechnologies.com/netrisk/
Vendor Details
Company Name
Safran Software
Founded
1997
Country
Norway
Website
www.safran.com/en-gb/risk-analytics-solutions