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PertmasterProjectRisk 11-07-02

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13 views9 pages

PertmasterProjectRisk 11-07-02

Uploaded by

engmakki93
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Risk Analysis for

Microsoft Project & Primavera users

Presentation for the Risk SIG


Deloitte & Touche
11 July 2002
Tim Stevens - Professional Services Director

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Pertmaster Project Risk

Software provides
– Risk analysis for MS Project and Primavera users
– Standalone project risk modelling
– What-if risk analysis

Reports
– Chance of completing projects in time and budget
– More realistic completion dates and budgets
– Key activities likely to cause project overrun

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Enter Risk in MS Project or Primavera

Duration uncertainty

Cost uncertainty

Probabilistic events

Screen shots from MS Project

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Run risk analysis in Pertmaster Project Risk

Screen shots from Pertmaster Project Risk

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Risk analysis results

85% completion
date identified

6% chance of
completing
project on time
Screen shot from Pertmaster Project Risk

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Update results to MS Project or Primavera

Criticality Index
• Identify key activities likely
to cause project delay

Display the 90% likely


completion date in a
column or graphically
on barchart

Screen shots from MS Project

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Benefits of managing risk
Hard Benefits Soft Benefits
Better informed credible plan Improves communication
Increased chance of success Common understanding/team spirit
More suitable contracts Develops risk awareness
Better assignment of contingency Focuses attention
Protects against unsound projects Facilitates risk taking
Generates metrics for future projects Demonstrates professionalism
Objective comparison of alternatives Exposes personnel issues
Identifies best risk owner

Ref: Int J Proj & Bus Risk Mgt Vol 1 1997

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Conclusions on risk
• Risk management should be a core process within any
business – Fundamental to decision making!

• Risk management is considered as a core competency by


both APM and PMI – component of APM foundation course

• Risk management is one of the 9 key processes identified by


the PMI

• The Turnbull Report in the UK (1998) made it a mandatory


requirement for all LSE UK companies to manage risk

www.pertmaster.com
Business credentials
Corporate Vision Software
Pertmaster Ltd Pertmaster will continually Pertmaster Project Risk
strive to deliver world-class Risk analysis software, Monte-
HQ in London, UK software products to a global Carlo
Pertmaster est. 1981 community of users for Project
Risk Analysis and
20 year software history in Management. Standalone it has the
functionality to provide risk
project management
analysis for ad-hoc projects.
By engaging in dialogue with
5000+ Licenses sold globally
our user communities.
An extremely powerful add-on
Over 30 global sales and
tool for MS Project & Primavera
consulting partners, in US, Enabling users to better users to assess risk as a part of
Canada, NL, DE, AUS … manage projects and quickly proactive project management.
and easily quantify risk.
V7 software launch Oct 01 &
V8 planned for Feb 03
Businesses to benefit from
projects on time and at the
predicted cost!

www.pertmaster.com

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