If you’ve considered your risk management software options and have decided to implement Safran Risk, then it’s important to ensure that you’re getting the most out of the system, and fully utilising Safran Risk’s built-in features for reducing project risk.
Risk exists. Every single project that your business signs onto will come with its own set of risks, and there’s nothing you can do to prevent that.
What you can do, however, is ensure you’re prepared to manage these risks in the best way possible.
Forum Safran is over for another year. Thanks to everyone who joined us in Stavanger. It was a fantastic event, made possible by all those who attended, that really lived up to our learn, share, discover mantra.
We live in a biased world – and biases can be harmful when it comes to risk management. As a natural and inevitable human trait, bias can’t simply be overcome with risk analysis tools.
Many Risk Management practitioners tend to stop the Schedule Risk Analysis (SRA) once the P Dates have been reported. In the video below, Santosh Bhat demonstrates how Safran Risk, with its embedded scheduling engine, can address project disruptors that go Beyond the P Dates.
Risk management professionals add value throughout the life cycle of a project by validating risk models and communicating project risks and potential risk mitigation strategies. However, the work of validating and communicating the likelihood of certain project risks is complex and time consuming.
Risk management professionals today have sophisticated analytical tools at their fingertips to provide a detailed view of the risks faced by a project. Yet despite this, many projects continue to finish late, over budget, below expectations or any combination of these deficiencies.
Many of you might have seen this image recently when it went viral on social media, and reactions might have included laughter or a shaking of heads. If you work with risk, it might have crossed your mind that you would never be involved in anything like this.
Owner and director of Redstone Risk Ltd, Will Foulds, introduces his new report which shows that certain risk management practices lead to higher project profits.
A recent study in the International Journal of Engineering Business Management (Vol 11, 1-16), found that the level of a business’ Project Risk Management Maturity (PRMM) has a significant impact on its profit performance.
Our latest download explores how the four variables of activity duration, cost, resources, and risk can be best optimized when working with complex schedules in SAP Project System (PS).
