Software facilitates project risk analysis.
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Press Release Summary:
Suited for project and portfolio management environments, Primavera PertMaster v8 includes cost/schedule trade-off analysis, visually showing relative benefits of alternative risk mitigation approaches. Users can create standard template risk functions, views, and menus that facilitate assessment of risks in project and portfolio management. Program focuses on oil and gas exploration, engineering, manufacturing, construction, aerospace, defense, and government environments.
Original Press Release:
Primavera® PertMaster V8 Simplifies Risk Management
PHILADELPHIA and LONDON, July 26/
- New Release Features Highly Intuitive, Easy-to-Use Interface to Demonstrate the Cost & Schedule Benefits of Different Risk Mitigation Approaches
Primavera today announced the immediate availability of Primavera PertMaster v8, a new version of its project risk analytics software for project and portfolio management (PPM) environments.
Key new developments in Primavera PertMaster v8 include:
-- Cost/schedule trade-off analysis: Dramatically and visually show the relative benefits of alternative risk mitigation approaches.
-- A highly intuitive interface: Offers fast access to product functions and substantially reduces the learning curve for new users.
-- Extended integration: Provides seamless integration with Primavera P6(TM) and Microsoft Project 2007.
-- Standard risk assessment: Users can create standard template risk functions, views and menus that facilitate the assessment of risk in project and portfolio management.
"Primavera PertMaster v8 has given my team even greater insight and ability to ensure that the project keeps moving to meet with time and budget constraints," said Bill Hunter, PMP, manager, planning & scheduling, Aker Kvaerner. The speed of the information back to the risk management team makes it easier to respond to challenges that arise. We can also alert management so there are no surprises."
"Assessing and managing project risk is now an important component of good governance, in all industries," said Roy Illsley, Senior Research Analyst at Butler Group, Europe's leading independent IT Research and Advisory organisation (part of the Datamonitor Group). "Strong risk methods and good tools are important to planning realistic project schedules, resource requirements and budgets; this approach can be useful when preparing project proposals as well as for the delivery of projects."
"To eliminate project failure, executives and project managers have to plan ahead so that projects do not get derailed," said Joel Koppelman, CEO of Primavera. "They need to mitigate risks throughout the project lifecycle and ensure their mitigation efforts deliver the highest possible return.
Primavera PertMaster v8 is the only risk management solution that enables clients to easily see the impacts of different risk mitigation plans. With Primavera PertMaster v8, project leaders can make sound, informed project decisions."
About Primavera PertMaster
Primavera PertMaster is a key component of the Primavera suite of solutions. It is a risk and analytics software solution for Project Portfolio Management (PPM) environments, with a focus on oil and gas exploration, engineering, manufacturing, construction, aerospace, defense and government.
Some 7,000 projects around the world rely on Primavera PertMaster to help management & engineering alike model and control risk and uncertainty on portfolio costs, resource requirements and schedules. Key customer benefits include: improved project bidding, smarter project execution and control, more realistic project expectations, objectively managed contingency tracking, better risk-balancing of project portfolios and improved communication of risk to stakeholders. For more information visit pertmaster.com .
About Primavera
Primavera is a software company who provides business solutions for a project-driven world. The company helps organizations identify which projects are most important, and makes it easy for people to work collaboratively on those projects and deliver them successfully. Primavera solutions are industry-specific and role-based, with the power to support global enterprises. Primavera solutions have ensured the success of projects collectively worth more than US$5.5 trillion, including the management of IT projects that span the globe, the construction of the world's tallest buildings, ongoing multi-billion dollar oil discovery projects, space exploration, and the efficient use of personnel at professional services organizations. For more information, visit www.primavera.com or call
+1-800-423-0245.
Primavera and the Primavera sundial logo are trademarks of Primavera Systems, Inc. All other trademarks mentioned herein are the property of their respective owners.
Microsoft and Microsoft Project 2007 are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.
