EFFECTIVE USE OF ORACLE PRIMAVERA RISK ANALYSIS (PERTMASTER)
Oracle Primavera Risk Analysis (Pertmaster)
Construction projects have uncertainties and risks that are difficult to estimate. Considering the contract amounts and volumes of both national and international construction projects, managing risk provisions to be determined on both resources and cost management as well as time management in an accurate and effective manner is a crucial requirement for the projects.
In this context, Primavera Risk Analysis (Pertmaster), a software of Oracle Corporation, is a high-quality risk management software that can be used both during the proposal phase and planning phase. It has been developed to quantify, calculate, manage and reduce risks on resources, time and costs. Oracle Primavera Risk Analysis (Pertmaster) provides comprehensive tools for deciding the confidence level of project success, along with quick and easy techniques for identifying risk response plans and risk provisions.
A wide range of risk management issues from the determination of the costs, resources, and time-related risks to their identification, from qualitative and quantitative risk analyzes to preparation of a risk response plan, mitigating risks and monitoring the planned risks throughout the project are covered in the scope of this training. Project managers can create more realistic predictions by identifying the factors that may affect the project components positively or negatively and the effects of risks on these factors.
Thanks to Oracle Primavera Project Analysis (Pertmaster), the estimated completion cost and the estimated completion time for a project at the stage of proposal or planning are determined as a result of qualitative and quantitative analyzes of the risks identified in the system as an input of risk management by using probability calculations. Since the software can also produce suitable solutions for various scenarios, it offers users a unique flexibility and therefore an advantage. Oracle Primavera Risk Analysis (Pertmaster) uses Monte Carlo simulation method in probability calculations.
This training has been designed to have basic and advanced levels and will last three days (27 hours). It will be useful to all project managers, quotation specialist, construction risk experts, and insurance specialists who want to better understand the current complex construction risk management process. This training program will examine the roles, responsibilities, and perspectives of the parties who take part in construction risk management. The training also covers the issues such as an overview of construction risk management, how the quotation amounts and time constraints should be assessed, cost development, identification of risk and determination of its amount, determination of risk provisions and how to monitor risks, practical tips on dispute prevention and resolution. The participants will learn the basic and advanced information needed to implement a successful risk management program.
You can click here or call us to learn more about training details and schedule and to join training programs organized by Loop Academy about “Risk Management and the effective use of Oracle Primavera Risk Analysis (Pertmaster) software in construction projects”. You can fill out the pre-request form for the training by clicking here and send it to us by pressing the submit button.