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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

nPlan utilizes AI to predict project outcomes by analyzing historical data, streamlining the process of risk assurance to be quicker and more dependable. The unbiased probability provided by nPlan's forecasts enables you and your team to make well-informed decisions regarding project risks. With a machine learning engine that processes the world's largest dataset of construction schedules, nPlan offers unmatched precision in interpreting project contexts and identifying trends. This capability facilitates effective management of both risks and opportunities, as it automatically predicts the behavior of each project activity. Consequently, you can gauge the potential impact of unforeseen events and swiftly pinpoint areas for performance enhancement, leading to significant savings in time and costs. Explore how our services can alleviate the burdens of time and cost-related claims, trim down contingency budgets, and potentially cut premium costs by up to 25%, allowing your projects to run more smoothly and efficiently. By leveraging our advanced forecasting tools, you can not only enhance project outcomes but also foster a culture of proactive risk management within your organization.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

NetPoint Yes 

Integrations

NetPoint 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 No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

PMA Technologies

Founded

2011

Country

United States

Website

pmatechnologies.com/netrisk/

Vendor Details

Company Name

nPlan

Founded

2017

Country

United Kingdom

Website

www.nplan.io

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