In order for a project to be considered a success, it needs to be completed on time and on budget. Recognizing this, project managers have been conducting cost and schedule risk analyses on their projects for many years. These analyses can tell us the probability or completing the project on time and the probability of completing the project on budget.
The challenge, however, is that a project that is on time but over budget or on budget but late is not a successful project. What we need to do is to perform an integrated cost and schedule analysis so that we can understand the likelihood of completing the project on time AND on budget (called the Joint Confidence Level or JCL).
Safran Risk is the only tool that can produce an integrated cost and schedule risk model and can provide the JCL for any combination of cost and schedule. Cost and schedule risks can be quickly modelled and understood, helping the project team make the right decisions to deliver their project on time and on budget.
Are you currently a Oracle Primavera Risk Analysis (aka Pertmaster) user today who is frustrated by the lack of updates and patches? Safran Risk has you covered since it is developed by the same team that developed Pertmaster. A great deal of effort has gone into Safran Risk in improving the risk analysis process and making the tool more powerful and easier to use.
Join Emerald Associates’ free webinar to understand how this new tool can help you manage cost and schedule risk and deliver your projects on time and on budget.