Risk Overview

Risk Overview Video

Oracle Primavera Cloud provides a risk management solution integrated with qualitative risk analysis capabilities for projects or programs and quantitative risk analysis capabilities for projects to help you determine the impact of risk and uncertainty on your project or program. Using the application, you can identify and prioritize potential threats and opportunities that exist for your project or program. You can provide estimates of activity non-working time due to different weather events. For further analysis, you can run a quantitative analysis which examines your project schedule with risks and uncertainties, and calculates the chance that your project will be completed within a given period of time and budget. Quantitative risk analysis is available only in the context of projects.

Key Features

• Log all project or program risks in a risk register and manage their details, including descriptions, status, probabilities, impacts, and other information. View and manage all project risks in a program in the program risk register.
• Use workflows and forms to create and review proposed risks for approval.
• Model periods of non-working time on your activities due to different types of weather events. Weather risk data is included in the quantitative analysis.
• Link program risks to other related program risks, projects, or project risks.
• Prioritize risks based on risk scoring criteria defined for the project or program.
• Run a Monte Carlo analysis using project schedule and risk data to produce probability curves showing expected time and cost outcomes and the probability of achieving each. View the first fifty risk analysis iterations to visualize different scenarios for your schedule based on activity uncertainty and risks.
• View Schedule and cost iteration data together in a Scatter Plot to understand the chance of finishing On Time AND Under Budget.
• Enter Target Finish Date and At-Completion Cost and see the likelihood of these being met.
• Enter the desired Joint Confidence Level and see what target values are needed to achieve this.
• Develop risk response actions to address project or program risks and establish post-response contexts.
• Track project risk exposure to CBS codes and have cost information roll up to the project cost sheet.