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
Take the initiative to assess and address project risks by collaborating exclusively with the highest quality subcontractors, tapping into a network of more than 1 million construction experts. This approach greatly shortens the duration needed to evaluate subcontractor risks, whether on an annual basis or for particular projects. Utilizing sophisticated risk profiles facilitates a more efficient workflow and provides financial benchmarks, essential metric evaluations, capacity suggestions, and historical safety performance data. Furthermore, automated recommendations for risk mitigation empower teams to spot and minimize risks proactively during the preconstruction phase, ultimately leading to more successful project outcomes. By prioritizing informed decisions, teams can ensure a stronger foundation for their projects.
API Access
Has API
API Access
Has API
Integrations
NetPoint
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
PMA Technologies
Founded
2011
Country
United States
Website
pmatechnologies.com/netrisk/
Vendor Details
Company Name
BuildingConnected
Founded
2012
Country
United States
Website
www.buildingconnected.com/tradetapp/
Product Features
Product Features
Contractor Management
Contractor Database
Insurance Tracking
License Tracking
Permit Tracking
Skills & Competencies
Task Management
Work Hour Tracking