Primavera risk analysis

ORACLE DATA SHEET

PRIMAVERA RISK ANALYSIS

Every project has risks. The organizations that succeed are the ones
KEY FEATURES
• Risk Analysis Guide • Schedule Check • Templated Quick Risk • Risk Register Wizard • Risk Register • Risk Analysis

that plan for those risks—anticipating, mitigating, and providing response and contingency plans for negative events that may or may not occur.Oracle’s Primavera Risk Analysis software provides the tools for doing just this, enabling companies to model risks and analyze the cost and schedule impacts of mitigating them—and, in the process, taking much of the uncertainty out of project and portfolio management.
Analyzing, Mitigating, and Managing Risk By integrating directly with project schedules as well as cost estimates to model risks anduncertainty, Primavera Risk Analysis provides a full-lifecycle cost and schedule risk analytics solution for the Primavera project portfolio management applications and Microsoft Project. Providing quick and easy techniques for determining contingency and risk response plans as well as a comprehensive means of reporting project confidence levels, Primavera Risk Analysis risk-loads projectsthrough risk registers and risk templates before using Monte Carlo simulation to analyze them. It then provides a variety of reports, such as risk histograms, tornados, and scatter plots, that enable users to easily identify risk drivers before (optionally) publishing the resulting risk-adjusted schedules back into the schedule. Providing an Objective View for Effective Assessment As a decision supporttool for determining confidence levels regarding project costs and schedules, Primavera Risk Analysis delivers an objective view of required contingencies and an analysis of the effectiveness of proposed risk response plans. These combine to form the basis of a risk-adjusted schedule—now a standard part of the planning and scheduling process. To support this mission, Primavera Risk Analysis offersthe following features: Risk Analysis Guide Outlining the steps entailed in the risk analysis process, the Risk Analysis Guide takes users through the process of preparing, modeling, and running a risk analysis. Each of the required steps—schedule validation, development of the risk model, risk analysis, and results review—links to the Primavera risk analysis feature users must employ to completeit.

KEY BENEFITS
• Integrate directly with project

schedules and costs
• Provide a comprehensive

means of reporting project confidence levels
• Produce risk analysis reports

in a variety of formats
• Provide techniques for

determining contingency and risk response plans

1

ORACLE DATA SHEET

Schedule Check The Primavera Risk Analysis Schedule Check feature lets usersevaluate schedule maturity and risk readiness by seeking common scheduling problems that can affect deterministic schedules. The Schedule Check report provides the rationale behind each check and explains how it can affect risk analysis. It also provides a list of the activities identified. Templated Quick Risk The Primavera Risk Analysis Templated Quick Risk feature uses a template approach toassign uncertainty risk distributions to tasks based on WBS (work breakdown structure), activity code, user-defined field, or filter. Providing a more advanced way of executing quick risk, these templates make it easy to model task uncertainty. Risk Register Wizard With the Primavera Risk Analysis Risk Register Wizard, users can quickly create new risk registers, defining risk scoring criteria,entering qualitative risk assessments, and mapping risks to scheduled activities. Users can then gather quantitative assessments and more-detailed information in the resulting risk registers. Risk Register By using the Risk Register feature in Primavera Risk Analysis, users can integrate predeveloped risk registers as well as define new ones (see Figure 1). Users can also employ this feature to...