Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
In NetRisk, the likelihood of a risk occurring can be independent among the activities it is associated with, and it may even vary across those activities. This distinction allows for a more accurate representation of risk responses, particularly for activities that are planned years apart or located at different project sites. The automated risk sensitivity analysis feature in NetRisk continuously re-evaluates the entire simulation by systematically excluding the risk that poses the greatest threat. This process generates a tornado chart that details the precise number of days each risk influences the project's completion timeline. Unlike CPM risk analysis, which assumes early starts for all activities, NetRisk realistically accounts for the use of float, leading to a more accurate assessment of completion probabilities. By permitting activities that are not on the critical path to begin later, NetRisk can effectively model scenarios for resource optimization, pacing of progress, or other strategic considerations, ultimately resulting in a more dependable project model. This level of analysis enables project managers to make more informed decisions about risk management and resource allocation.
Description
Make informed and cautious decisions regarding risks while continuously evaluating the success of your strategies. Utilize a robust enterprise risk management system to gain comprehensive insights into how various risk factors can affect your business's value and reputation. This solution facilitates the identification, assessment, analysis, and ongoing monitoring of risks. Start by outlining the business activities that are pertinent to risk, establishing a structured organizational risk hierarchy, assigning risk appetites and owners, and designating specific responsibilities while enabling the automation of risk monitoring processes. Furthermore, explore the connections between different risks and related events, create survey questions to gather data, and document potential root causes along with the effects of risks, including strategies for mitigation. Conduct both quantitative and qualitative analyses of risks to evaluate their likelihood and the potential consequences they may carry for your organization. By employing these methods, you can enhance not only your risk management efforts but also your overall business resilience.
API Access
Has API
No
API Access
Has API
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
PMA Technologies
Founded
2011
Country
United States
Website
pmatechnologies.com/netrisk/
Vendor Details
Company Name
SAP
Founded
1972
Country
Germany
Website
www.sap.com/products/financial-management/risk-management.html
Product Features
Product Features
Financial Risk Management
Compliance Management
No
Credit Risk Management
No
For Hedge Funds
No
Liquidity Analysis
No
Loan Portfolio Management
No
Market Risk Management
No
Operational Risk Management
No
Portfolio Management
No
Portfolio Modeling
No
Risk Analytics Benchmarks
No
Stress Tests
No
Value At Risk Calculation
No