Safran Blog

The majority of project teams conduct cost and schedule risk analysis (CSRA) for one simple reason – more realistic information = better business decisions.

Revealing the likely impact of individual risks on a project’s cost and time to complete, CSRA is a valuable tool in every project team’s toolbox. It ultimately enables organisations to turn their project risk data into meaningful messages that inform project teams, guide their decision-making and engage them in a way that many traditional project management techniques simply cannot.

Risk and resilience expert, Alexander Larsen, explains why getting the most out of Cost and Schedule Risk Analysis (CSRA), can be an immensely rewarding experience.  

Donna Festorazzi is Head of Programme Risk Management at Stantec and an internationally experienced risk management professional, with a multidisciplinary background. She believes that risk management insights should empower project teams to optimise delivery performance, rather than purely facilitate project-approval processes.

Albert ‘Mac’ McMillan is a project management specialist with more than 40 years’ experience. In this Q&A, he talks about how a failing project can be turned around with the help of some timely and effective risk management.

During these uncertain times, it is all too easy to catch a cold on a project. Uncertainties drive up costs and delays, profits vanish from this project and the next two. Soon, the business is forced to make some difficult decisions. This scenario is more likely in today’s riskier, more uncertain times. But better risk management can help.

There are some things about risk analysis that you only learn through experience. And here are some of those lessons from expert Ian Nicholson.

Why do so many projects miss their duration and cost estimates? There are many factors, but a lack of integration between cost and duration could be leading you down the wrong path.

STAVANGER, 7^TH JANUARY 2021 – Today, Safran is proud to announce its new partnership with San Jose-based reseller, DecisionTrain.

When we talk about the issue of selecting probability distributions for risk quantification in projects, the most popular question is, without doubt, what's the best? Triangular distribution or Pert (also called BetaPert)?

Administering a quality quantitative schedule risk analysis (QSRA) on a live project is no simple task. An indisputable constraint for creating a robust QSRA is the time available to validate and probe your model for insights. As an experienced Project Risk Manager, I have certainly witnessed ample timescales to create, test, and provide risk models slip away.