Optimize Your Project Success with Simulated Risk Analysis
Make better assessments and communicate more effectively by having a better understanding of the effects of your project risks.
Poor risk analysis can jeopardize a project’s success. Complex projects and heavily invested projects carry greater risks. This leaves an overwhelming responsibility with project managers to ensure their assessments are thorough.
Benefits of Asta Risk Analysis:
- Highlight those tasks that carry the biggest risk
- Better understand the potential impact of risks and opportunities
- Proactively manage risks before they cause harm
- Carry out risk analysis and re-schedule plans all from the one system
- Improve your project success rate
- Increase ability to meet objectives and achieve profit margins
- Track progress through a project so you can review and refine schedules
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Risk Analysis can be used on individual projects or programs to effectively identify those tasks that are most likely to cause delay or cost overruns. It does this by simulating your plan and evaluating the probability of finishing on time and on budget by applying the uncertainty added to your task durations. This results in a list of reliable potential outcomes that remove the guesswork for an informed understanding of the possible risks.
Asta Risk Analysis will present the analysis in a variety of clear and graphical reports that point out the top risks. This allows you to see which risks require your immediate attention. Sensitivity graphs illustrate those tasks that have increased by time and cost, while the distribution graphs make it possible to observe the changes in finish dates, cost, income and margins.