Risk Analysis

The organizations that succeed are the ones 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 and uncertainty, 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 projects through 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 support tool 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 offers the following features:

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

Risk Register

By using the Risk Register feature in Primavera Risk Analysis, users can integrate predeveloped risk registers as well as define new ones. Users can also employ this feature to produce both qualitative and quantitative models of positive and negative risk events (threats and opportunities) and their associated response plans (such as mitigation). Risk Register also automatically integrates identified risk events into the schedule, by creating a risk event plan, which users can then analyze to determine both key risk drivers and the cost-effectiveness of the identified mitigation strategies.

Flexible Reporting

With Primavera Risk Analysis, users can view risk assessments in a variety of formats:

• Distribution Graph
• Tornado Graph
• Scatter Plot
• Distribution Analyzer
• Probabilistic Cash Flow
• Summary Risk Report

Distribution Graph

By using Primavera Risk Analysis distribution graphs, users can:

• Determine confidence levels, P schedules, and schedule and cost contingency
• Report confidence levels with regard to finish dates, costs, float, internal rate of return, and net present value
• Drill down through the interactive report to identify confidence levels at multiple levels, including key milestones and stage-gate review points
• Tab between cost- and schedule-based views with the ability to drill down through the integrated tree control and filter by task or resource

Tornado Graph

Primavera Risk Analysis tornado graphs help users identify key risk drivers and pinpoint the task or risk event that’s preventing their schedules from performing as expected. Alternatively, users can employ cost-sensitivity reports to isolate the most-cost-critical tasks or risk events. Interactive drill-down risk tornados enable quick and easy risk driver determination to report on key risk drivers.

Conclusion

Providing easy integration with a wide range of scheduling tools and risk register solutions, Primavera Risk Analysis helps project-driven organizations ensure that mission-critical projects come in on time and under budget. Delivering full-lifecycle cost and schedule risk analytics, Primavera Risk Analysis offers easy techniques for determining contingency and risk response plans and for reporting confidence levels for project success.