The second step of a typical Oracle | Primavera Risk (Pertmaster) Monte Carlo analysis is to validate the import for differences between the original schedule file and the Pertmaster CPM schedule calculations. The schedule planning options should be automatically set based on the options set into your scheduling tool (Microsoft Project, Primavera P6, etc), however it is a best practice to review the settings and ensure they were imported correctly.
The scheduling options tab is one of the most important settings sections in the Primavera Risk product. Users are able to define how the CPM scheduling network is calculated by the scheduling engine. The scheduling options will be inherited from the original scheduling tool. For example, if a planner has turned on progress overrides in Primavera P6, then Pertmaster will see this option upon import. If users changed a setting without rescheduling the project, then a mismatch is possible.
The calendar used on the lag will be set based on the setting of the original scheduling tool as well. Many scheduling tools put the calendar for a lag on the same calendar as the predecessor, however this is not standard for all scheduling tools. This is important because putting a 7 day lag when the lag calendar is 5 days could create up to 11 calendar days of lag time, instead of the intended 7 calendar day lag.
All options should import from the original scheduling tool, however it is a best practice to always check the options before starting a Monte Carlo analysis. The options in this section include:
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The PRC Enterprise Risk Register is a web-based risk management software solution which allows for the tracking of risk at the project and portfolio level. Audit logs for all risk updates and changes are available at the click of a button to aid with audits, claims and the flow of information. The power of the PRC Enterprise Risk Register is in the simplicity of the user interface, which is designed to navigate easily at both project and portfolio levels without compromising functionality or data. The PRC Enterprise Risk Register allows for mapping across project levels so the data can be reported at the portfolio level, even if the work, risk and organizational breakdown structures are not standardized.
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The PRC Enterprise Cost Risk Analysis is a customizable web-based solution for simulating estimate cost and determining cost contingency, cost drivers, and risk hotspots. The key to a good risk analysis is good inputs. The software cannot be a roadblock to success. Good risk software should be easy on the end user. Monte Carlo simulation is already a complex. The software should simplify the process.
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The PRC Enterprise Schedule Risk Analysis is a customizable web-based solution for simulating schedule duration and dates. At PRC Software, we believe that the key to good risk software is through good inputs and excellent user friendliness. A Monte Carlo simulation is already a complex. The software should not be complicated as well.
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PRC specializes in risk analysis, audit, and training. We have cross-industry experience in fields such as Aerospace & Defense, Oil & Gas, and Engineering & Construction. We believe that over-complicating the risk process often leads to wasted effort and poor results. Our goal is to "make it simple."
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