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Oracle Primavera Risk Analysis (PRA)

05 November 2014

Oracle Primavera Risk Analysis (PRA) is a full lifecycle risk analytics solution, integrating cost and schedule risk management. It provides a comprehensive solution for determining confidence levels for project success together with quick and easy techniques for formulating contingency and risk response plans. PRA brings within reach...

1. development of risk-loaded project plans, improving confidence in bid submissions and project selection and, by extension, maximising organisational benefit and profitability
2. risk-adjusted project plans, meaning that critical project timelines and cost estimates are more realistic, enhancing the probability of project success
3. cost/benefit analysis of response plans in order to better understand the impact of risks and effects of mitigation
4. the development of probabilistic project plans, resulting in better project intelligence, reduced errors and replicable processes
5. reduction in unexpected delays and costs by formally adopting risk management as a valued step in the planning process
6. improved corporate governance and the opportunity to establish a standard risk management process

Oracle Primavera Risk Analysis offers an objective view of required contingency in order to account for cost and schedule uncertainty as well as analysing the cost effectiveness of risk response plans. Combined, these form the basis of a "risk adjusted schedule", which is becoming an essential element of the planning and scheduling process. Oracle Primavera Risk Analysis adds to the qualitative risk capabilities included in Oracle Primavera P6 by allowing organisations to assess quantitative risk and providing analysis of impact to schedule, budget and cash flow…

1. identify common scheduling pitfalls that may result in misleading schedule or risk analysis results
2. integrate pre-developed risk registers as well as define new risk registers
3. address full lifecycle risk management through advanced Monte Carlo based cost and schedule analytics
4. report confidence levels with regards to finish dates, costs, float, Internal Rate of Return and Net Present Value

Our Managing Risk in Primavera Risk Analysis course provides training for Primavera's Risk Management solutions. Participants will gain thorough background knowledge in the basic concepts of risk management. The three-day class leads participants through examples of specific risk modelling techniques and provides a lab style workshop to allow students to apply the learned techniques.

You can find out more about our complete range of Primavera courses via our website. Please call us on 0800 612 1299 or email info@tts-uk.com to book your place or if you have any questions about any of our courses.

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