Correlation is often crucial to the risk model. It helps analysts understand the often-complex relationships between events and the risks that can affect them. More than that, it plays an integral role in counteracting the effects of the Central Limit Theorem (CLT).
Complex projects don’t just stop. Even in times of uncertainty, organizations can’t simply stop executing a three- or four-year project because employees are now working from home. Safran software enables enterprises to continue their work unabated, helping teams stay connected and manage risk.
Based on many years' experience in the planning and development of risk tools and applications, today we’re delighted to announce the latest addition to our Risk portfolio — Safran Risk Manager (SRM).
Due to release in Q3 2020, SRM was designed by Risk Managers, for Risk Managers.
Qualitative risk analysis is still valuable for a top-level, holistic view of your project’s risk. Projects are exposed to all sorts of risks and it’s impractical for project managers to deal with all of them. In many cases, the resources spent to mitigate a risk outweighs the benefits of addressing it.
Whether you’re an existing customer of Safran Software, someone who’s thinking of becoming one, or are simply interested in what we do, let me start by saying: Happy New Year!
Effective risk analysis and management is fundamental to project success. Irrespective of the size or scale of your project, delivering it on time and within budget (not to mention preserving stakeholder confidence) is nigh on impossible if you haven’t taken the time to identify, analyze, categorize, prioritize, and gauge the impact of external risks before work commences.
Oracle Primavera Risk Analysis (OPRA) has been a staple of the project controls community for over 30 years — and for good reason. Nevertheless, we’re regularly contacted by project managers looking to switch from OPRA to Safran Risk.
Without a doubt the largest event of its kind anywhere in the world, Project Controls Expo 2019 is only a few short weeks away. And once again, Safran is proud to sponsor both the London and Melbourne events.
It’s no exaggeration to say that manufacturing schedules are the foundation upon which successful projects are built. Correctly allocating resources, managing costs, and understanding the variables that may cause delays is vital if production is to be completed on time and within budget.
The world of capital project management is filled with complexity. From an overabundance of abbreviations to a fistful of formulaic equations, it’s easy to find yourself lost in translation. But by taking a complex topic and analyzing its constituent parts, understanding can be improved. Here we examine Earned Value Management (EVM).