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.
New Insight: Performing Integrated Cost and Schedule Risk Analysis on a Multi-Billion Dollar Project
Pacific Northwest National Laboratory (PNNL) tackles some of America’s greatest science and technology challenges, including strengthening the country’s energy resiliency and protecting national security. By utilizing their expertise in chemistry, earth sciences, and data analytics, PNNL’s researchers have taken great steps in innovating and pioneering a safer, cleaner, world.
Mitigation analysis is a massive part of the risk analysis process, and Safran Risk makes it easier and less time consuming to conduct. It’s a huge improvement over OPRA, and this blog will explore why.
Conveying complex risk data to stakeholders and the C-suite – and making the data compelling – is often a challenge for project managers. Thankfully, Safran Risk has tools to help achieve this.
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).
Hello, my name is Ian Nicholson, VP of Solutions at Emerald Associates.
Oracle Primavera Risk Analysis (OPRA) has long been one of the industry’s most popular risk management tools.
I myself have relied on it for the best part of two decades. However, technology has come on leaps and bounds since the turn of the new millennium. It’s progressed to such an extent in fact that legacy systems like OPRA are, quite simply, no longer capable of meeting the needs of the modern project manager.
Hello, my name is Ian Nicholson, VP of Solutions at Emerald Associates.
Over the past 20 years, I’ve gained a deep understanding of both the capabilities and the limits of Oracle Primavera Risk Analysis (OPRA).
Back in 2006, when it was still known as Pertmaster, it was more than capable of meeting the requirements of the average project manager. However, during the last decade, Oracle has been gradually sunsetting the product, downgrading it to “Controlled Availability” status last year. A move that essentially rendered it no longer fit for purpose.
Hello, my name is Ian Nicholson, VP of Solutions at Emerald Associates.
I've worked closely with Oracle Primavera Risk Analysis (OPRA) for the best part of two decades.
For much of that time, OPRA was widely regarded as one of the best risk analysis tools available. But technology has moved on since Emerald became the platform's exclusive Canadian distributor in 2001 — as have the expectations and requirements of the world's project controls professionals.
Hello, my name is Ian Nicholson, VP of Solutions at Emerald Associates.
Over the last two decades, I've worked extensively with Oracle Primavera Risk Analysis (OPRA) — or Pertmaster as it was known, before it was acquired by Primavera in 2006.
Hello, my name is Ian Nicholson, VP of Solutions at Emerald Associates.
I’ve been working with Oracle Primavera Risk Analysis (OPRA) since 2001 — Emerald being the exclusive Canadian distributor for Pertmaster (as it was then known) until its acquisition by Primavera in 2006.
