Safran Risk is a comprehensive software solution designed to combine cost and schedule risk analysis into a single platform. It helps project teams identify, manage, and mitigate risks in real-time, providing actionable insights into project costs and timelines to improve decision-making, stakeholder buy-in, and project outcomes.
Key Features and Capabilities:
- Integrated Risk Analysis: Enables both cost and schedule risk analysis within a single, integrated platform.
- Real-time Analysis: Allows immediate feedback as risk models are built.
- Data Integration: Imports project schedules from systems like Oracle Primavera P6 or Microsoft Project (.xer, .xml) and shares data via the .spx file format.
- Risk Modeling: Features include risk register management (identifying, mapping, and tracking risks), risk drivers, and probabilistic branching.
- Simulation & Reporting: Utilizes techniques like Latin Hypercube Sampling (LHS) for simulation and generates comprehensive reports, including distribution graphs (P50/P80/P90), risk drivers, and Joint Confidence Levels (JCL).
- Mitigation Strategy: Enables the modeling of pre-mitigated and post-mitigated risk scenarios to visualize the impact of mitigation actions.Common Use Cases:
- Schedule Risk Analysis (SRA/QSRA): Analyzing the probability of meeting key project milestones.
- Cost Risk Analysis (CRA): Identifying potential budget overruns and optimizing contingencies.
- Joint Cost & Schedule Analysis: Determining the combined probability of meeting both time and cost targets (JCL).
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