Cost and Schedule Risk Analysis with Safran Risk is the next generation of probabilistic analysis tools - one with the unique ability to create both cost and schedule risk models and map the two together.
- Seamless and robust cost risk analysis
- The intuitive Safran Risk interface encourages best-practice processes
- Easily integrate Primavera P6 or Microsoft Project data
- Comprehensive risk correlation including probabilities and impacts
Schedule risk analysis has been around for a number of years and has proven to be a useful tool in predicting and managing the risks that will prevent a project for being completed on time. Companies who have completed risk analysis exercises on their projects have found that their projects are more successful and the project team is better prepared to manage change before it becomes a crisis.
Companies that have success in completing one-off risk analysis naturally want to move to a standardized risk process and conduct schedule risk analysis on more projects - they want to mature in their risk process. Additionally, these companies realize that the costs and schedule risk models are intrinsically linked, and the two models need to run together, rather than as separate exercises.
Designed by the project risk experts that brought Pertmaster™ to market, Safran Risk seamlessly combines advanced project schedule risk, duration risk, and cost risk analysis for ultimate analysis integrity.
Safran Risk gives you access to robust, schedule risk and cost risk analysis together on one platform, for powerful integrated analysis and significant time and cost savings. Safran has a full range of risk features - from maintaining a simple list of risks in a spreadsheet to performing a detailed quantitative risk analysis for both schedule risk and cost risk. No more “translating” cost information into a format the schedule can understand.
Safran Risk also aids in improving a company's risk maturity by making standard processes easy to manage and by providing a common database for all risk models. Instead of maintaining risk data in four or five different applications, Safran Risk holds all risk information in one place. Safran Risk is also the only commercially available tool that meets the requirements to achieve Level 5 of Dr. David Hulett's Risk Maturity Assessment.
From a process perspective, combining these systems is more than just convenient. It actually saves you significant time that can be used to perfect your project plan. Based on the average project, we estimate that you will easily save hours if not days or weeks over the course of the life cycle of a typical process by streamlining your cost and schedule risk analysis.
Through its streamlined approach, Safran Risk gives you the ability to run more scenarios in the same amount of time. More what-ifs ultimately mean a more complete picture of what you’re trying to accomplish. From the standpoint of time and money, integrated cost and schedule is better than doing them separately. There are fewer tools, less data issues, more time, and more scenarios. As a result, Safran Risk delivers a project plan that yields the best ROI.
Latest Version - Highlights
Safran Risk was developed by the same developers of Pertmaster. Projects can be imported from P6 (XER only), Microsoft Project (XML only) and Safran Project.
Safran Risk provides Schedule Warnings that help get a user’s schedule ready for risk analysis.
Easily define uncertainties and risk events in the project risk register.
Assign risks to activities and choose if the impacts are in series or parallel.
View overall duration distribution diagrams for an activity. Risks can be removed or added to see immediately how risks impact the activity.s.
Distribution graphs display results for all iterations of the risk analysis.
Data for each iteration can be seen. Clicking on an individual iteration will take you to the Gantt chart for that iteration.
Risk Drivers (Tornado Charts) highlight where mitigation energy should be focused. Optionally, a user can choose individual activity results.
Safran has automated the process of turning off risks and re-running the analysis in turn. This can be done on a single pass or multiple passes.
Safran Risk allows a user to view the critical paths and how they change as risks are applied.
Costs and schedule risk models are run at the same time, since they are often linked. Each results tab can be viewed for costs as well.
Map the correlation between two variables with a scatter plot, also know as a JCL (Joint Confidence Level).
Probabilistic Cash Flow can show when a project’s funding is likely to be spent, which can be critical in multiple fiscal funding cycle decision making.
After risk analysis, the Distribution Graph appears on screen. The graph provides a statistical breakdown of the project durations and finish dates generated during the analysis.
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