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  • Project Controls | Projatech

    Project Controls Get in control of your project cost & schedule with project controls Welcome to Projatech, your trusted partner in comprehensive project controls services. As specialists in project scheduling and controls, we bring extensive expertise to ensure the successful delivery of your projects. Our services encompass a wide range of specific project controls activities designed to cover every aspect of your project’s lifecycle. Our Project Controls Services Include: Project Planning and Scheduling: Detailed project planning Creation and management of project schedules using Oracle Primavera and Microsoft Project Development of Work Breakdown Structures (WBS) Critical path analysis Cost Controls: Budget development and monitoring Cost forecasting and variance analysis Earned Value Management (EVM) implementation Cost Performance Index (CPI) tracking Risk Management: Risk identification and analysis Development of risk mitigation plans Implementation of risk management frameworks Resource Management: Resource allocation and leveling Development of Resource Loading Profiles Resource utilization tracking Change Management: Project change control processes Impact analysis of project changes Implementation of change management strategies Performance Measurement: Earned Value Management (EVM) Schedule Performance Index (SPI) tracking S-Curve analysis Productivity tracking and analysis Reporting and Analysis: Development of custom progress reports Performance metric dashboards Real-time data analysis and reporting Cash flow management reports Training and Support: Onsite, offsite, and online training programs Development of standards and procedures Mentoring and support for project controls staff Cost and Schedule Forecast Services Detailed cost forecasting and budgeting Schedule forecasting and updates Earned Value Management (EVM) analysis Cash flow forecasting and management Cost and schedule variance analysis Resource allocation and leveling forecasts Implementation of cost performance index (CPI) and schedule performance index (SPI) tracking Risk-adjusted forecasting Lessons Learned Documentation of project successes and challenges Analysis of project performance and outcomes Identification of best practices and areas for improvement Compilation of team and stakeholder feedback Development of a knowledge base for future projects Facilitation of lessons learned workshops Continuous improvement initiatives based on lessons learned Project Lookbacks Comprehensive project review meetings Analysis of project goals versus actual outcomes Assessment of project management processes and techniques Identification of critical success factors and failure points Compilation of lookback reports for future reference Recommendations for improving future project performance Stakeholder feedback sessions Project Closeout Final project deliverable verification Completion of all project documentation Financial closure and final cost reporting Final project schedule and timeline assessment Handover of project deliverables to stakeholders Post-project evaluation and reporting Archiving of project documents and records Closeout meetings with project team and stakeholders At Projatech, we integrate these services to create a cohesive and efficient project controls framework. Our approach ensures that projects are managed with precision, providing you with the insights and controls needed to drive project success. Whether you need a full team of project controls professionals or consultancy to prepare your team, Projatech is here to support your project management needs. Contact us today to learn more about how our project controls services can benefit your organization.

  • Class Syllabus | Projatech

    Useful Knowledge & Practical Skills for Real Work Environments Scheduling Class Syllabus Primavera Project Management Introduction to Planning & Controlling with Oracle Primavera Course 101 Level: Introductory Duration: 1-day Prerequisites: Familiarity with project planning and scheduling concepts Description: This course covers general introduction to almost all the major concepts in scheduling and most of the functionality in Primavera. Get started with introduction to Primavera 5.0 through hands-on training. Participants will gain a thorough background in the concepts of planning and scheduling while learning about the Primavera Project Management tool. This one-day course covers more than 2-days of material covered by many other instructors. Most of scheduling related topics are introduced to prepare students for Intermediate and advanced level courses. Introduction to concepts of effective planning and scheduling Introduction to Primavera & Concepts of Planning With & Without Resources General introduction to following concepts Starting up and Navigating Creating a New Project Defining Calendars Creating a Primavera Project WBS Adding Activities & Organizing Under the WBS Formatting The Display Adding Relationships Activity Network View Applying Constraints Designing and Applying Filters Group, Sort & Layouts Printing Layouts and Reports Tracking Progress Statusing a Schedule Activity, Project & Resource Codes Functional Level Skills/Topics in Primavera Project Management Course 110 Level: Intermediate Duration: 1-day Prerequisites: Completion of Introductory Level Course or equivalent experience/knowledge of Primavera. Description: In this course you will learn in depth many of the concepts covered in Introductory level course. In addition, you will be introduced to some additional advance skills and functionality within each area mentioned below. Starting up and Navigating Creating a New Project Defining Calendars Creating a Primavera Project WBS Adding Activities & Organizing Under the WBS Formatting The Display Adding Relationships Activity Network View Applying Constraints Designing and Applying Filters Group, Sort & Layouts Printing Layouts and Reports Creating Project Portfolios Advance Topics in Primavera Project Management Course 201 Level: Advance Duration: 1-day Prerequisites: Completion of Intermediate Level Course or equivalent experience/knowledge of Primavera. Description: This advance level course covers all the functional areas and concepts of scheduling and planning using Primavera. In addition to many new skills, you will be fully prepared in the areas covered in the Intermediate level course. With the completion of this course, you will be ready for a successful career in project planning and scheduling. Advance Topics in Starting up and Navigating Creating a New Project with proper setup Defining Activity and Resource Calendars Effective Methods of Creating a Primavera Project WBS Adding Activities & Organizing Under the WBS Advance Formatting the Display Advance Methods of Adding Relationships Utilizing Activity Network View for Better Scheduling Applying and Proper Utilization of Constraints Designing and Applying Advance Filters Advance Topics in Group, Sort & Layouts Inside-out of Printing Layouts and Reports Project Baselining Tracking Progress User & Administration Preferences and Advanced Scheduling Options Creating Roles & Resources Assigning Roles, Resources & Expenses Statusing a Resource loaded Schedule Resource leveling techniques Activity, Project, and Resource Codes Master-of-Trade in Primavera Project Management Course 210 Level: Master Duration: 1-day Prerequisites: Completion of Advance Level Course and/or significant experience in scheduling and use of Primavera application. Description: This course is designed for those who wish to be master of both Primavera application and scheduling and planning skills. You will be introduced to many complicated and specialized skills that only a small portion of elite schedulers learn for a career advancement. Master Level Planning & Scheduling concepts How to develop a new project from scratch; collecting activity, duration information, and setting up logic Import Export: XER, MS Project, and MS Excel Creating and managing project reflection Introduction to Methodology Manager Applying resource Curves Global and project level administrative setups Monitoring progress using Banana curves Use of MS Excel in project reporting Earn Value Management, CPI, SPI, and other advanced concepts Project Baseline development, application, and updates Tracking & Monitoring Project Progress using multiple baselines Tracking, Monitoring, and Maintaining Project Quality Project Calendar Conflicts and Issues Working with Labor, Material and Equipment type resource and costs Advance multi-level resource leveling techniques Designing Master Level Reports Designing and Printing Important Management Reports Effective Methods of collecting project updates Bug Workarounds in Primavera Advance custom report designing Introduction to concept of risk register and project risk analysis Post training advance help and resources Project Cost & Schedule Risk Assessment Effective Project Risk Analysis Techniques Course R500: - Effective project risk analysis techniques Course R500 Level: Functional Skill Duration: 1-day Prerequisites: Familiarity with project scheduling concepts Description: For all large projects identification and management of schedule and cost risk is crucial for the success of project. All major organizations require risk analysis, development of risk register, and formation of mitigation strategy before executing a project. Once project starts, risk analysis and mitigation is an ongoing requirement. Advance identification of risk saves organization significantly by managing risks and negotiating contracts with minimum liability. Risk analysis is a mix of science and art. The art of facilitating a session to solicit and collect correct information is as essential as analyzing the information. In this course not only you learn the science, but the art behind enhanced facilitation. Furthermore, you learn how to conduct risk analysis calculations and interpret results meaningfully. We will share with you our years of experience and deliver it to you in a one day session. Preparing schedule and cost figures for risk assessment Schedule quality assurance techniques Verifying activity duration standards and cost determination methods Identifying pre-existing risk and float in a schedule Determining multiple float paths and identifying long lead items Verifying float path activity significance and sequencing Selecting risk analysis basis (entire project or float paths) Pre-session risk register development Arrangements for risk assessment session Preparing and conditioning participants Facilitation during risk analysis session Managing risk-event brainstorming session Refining risk-event list and assigning probability and schedule impacts Developing risk mitigation strategy and revising probability and schedule impacts Associating risks to activities Establishing correlation between activities and risks Developing pre and post-mitigation plans Running Monte-Carlo Analysis Analyzing risk analysis results Refining analysis Finalizing results and communicating with participants Ongoing risk register refinements and risk analysis updates Project Quality Assurance & Progress Monitoring Advanced Techniques in Project Quality Assurance & Progress Monitoring Course P900 Level: Advance Duration: 1-day Prerequisites: Proficiency and experience in project scheduling Description: Developing a poor schedule is sometimes worse than not having a schedule at all if the schedule does not meet the minimum scheduling quality standards. Developing a quality schedule is rare. Most of the schedules in the industry do not even meet basic quality standards. Executing a project based on such poor schedule is a guaranteed disappointment for stakeholders. Learn in one day, what we learned over a decade. Learn how to quickly determine quality of a schedule. Whether the schedule is developed in-house or by a contractor, don't accept a schedule that is substandard. Easily determine whether a schedule meets minimum quality standards and then learn advance schedule quality assurance techniques. These techniques are essential to determine if a schedule is up to the standard for a baseline schedule. Furthermore, learn how to effectively monitor progress of your project using multiple reports, baseline variance, Float analysis, Critical path monitoring, physical progress assessment, Earn Value, Cost Performance Index, Schedule Performance Index and more. Learn why and how to check a schedule for top 9 schedule quality assurance criteria Learn effective methods of correcting a schedule quality Learn techniques to check schedule quality beyond basic criteria Methods of creating, maintaining, and updating a baseline Reports you must review regularly to monitor schedule progress effectively Methods of determining physical progress How to effectively monitor physical progress What to include in a contract with a contractor Determine project progress at a glance using advanced progress monitoring methods What are progress monitoring banana curves Learn the use of baseline variance and Float analysis How to watch for Critical and Sub-Critical paths Determining project progress using Earn Value, Cost Performance Index, Schedule Performance Index, To Complete Performance Index, Estimate at Completion and more. Microsoft Project Function Level Skills/Topics in Microsoft Project Course MS100 Level: Intermediate Duration: 1-day Prerequisites: Familiarity with MS Project or general scheduling Description: In this course you will learn in depth many of the most commonly used scheduling concepts and functionality offered by MS Project. In addition, you will be introduced to some additional advance skills and functionality within each area mentioned below. Starting up and Navigating Creating a New Project Defining Calendars Creating activity grouping & hierarchy Formatting Displays Adding Relationships Activity Network View Applying Constraints Designing and Applying Filters Group, Sort & Layouts Printing Layouts and Reports Working with custom reports Working with cost and resources Advance Topics in Microsoft Project Course MS200 Level: Advance Duration: 1-day Prerequisites: Completion of Intermediate Level Course or equivalent experience/knowledge in MS Project Description: This advance level course covers all the functional areas and concepts of scheduling and planning using MS Project. In addition to many new skills, you will be fully prepared in the areas covered in the Intermediate level course. With the completion of this course, you will be ready for a successful career in project planning and scheduling using MS Project. Advance Topics in Starting up and Navigating Creating a New Project with proper setup Defining Activity and Calendars Effective Methods of Creating MS Project activity grouping hierarchy Adding Activities & Organizing Under grouping hierarchy Advance Formatting Displays Advance Methods of Adding Relationships Utilizing Activity Network View For Better Scheduling Applying and Proper Utilization of Constraints Designing and Applying Advance Filters Advance Topics in Group, Sort & Layouts Inside-out of Printing Layouts and Reports Project Baselining Tracking Progress User & Administration Preferences and Advanced Scheduling Options Creating and customizing Resources Assigning Resources & Expenses to activities Statusing a Resource loaded Schedule Resource leveling Activity, Project, and Resource Codes Advance custom reporting

  • Remote Project Scheduling | Projatech

    Remote Project Planning & Scheduling Services Our Services Comprehensive Project Planning Development of detailed project plans. Resource allocation and management. Timeline and milestone setting. Scheduling and Monitoring Creation of project schedules using Oracle Primavera and Microsoft Project. Continuous schedule tracking and updates. Identification and management of critical paths. Risk Management Risk identification, analysis, and mitigation planning. Implementation of contingency plans. Proactive issue resolution. Reporting and Analysis Customized progress reports and dashboards. Performance metrics and variance analysis. Key performance indicator (KPI) tracking. Why Choose Us? Expertise: With over 20 years of experience, our team brings unparalleled knowledge and skills in project scheduling and controls. Flexibility: Our remote services are designed to fit your needs, offering onsite, offsite, and online support. Technology: We leverage the power of Oracle Primavera and Microsoft Project to deliver precise, reliable, and efficient project management solutions. Client-Centric Approach: We prioritize your project’s success by ensuring effective communication, transparency, and collaboration throughout the project lifecycle. Industries We Serve Our remote project planning and scheduling services cater to a wide array of industries, including: Energy and Utilities Construction and Engineering IT and Software Development Oil & Gas Government Contracts Education Systems Get Started Ready to optimize your project planning and scheduling processes? Contact us today to learn how our remote services using Oracle Primavera and Microsoft Project can drive your project’s success. Contact Us Projatech - Your Partner in Project Excellence

  • Projatech | Primavera Project Scheduling

    Remote Project Planning, Scheduling & Controls Every member of our organization has over 20 years of experience in Project Scheduling & Controls Projatech is comprised of seasoned experts in project planning, scheduling and controls, each with a minimum of 20 years of experience. Our collective expertise and collaborative work culture enable us to deliver unparalleled services that exceed what any individual can achieve. Our team has a diverse background in various industries, including Nuclear Power Plants , Construction , Engineering , Government Contracts , Information Technology , Oil & Gas , Mining , The Energy Sector , Utilities , Transportation , Pharmaceutical and Education . We offer a comprehensive range of services, including project planning and scheduling services, training programs, and providing contract workforce solutions to meet our clients' diverse needs. Our headquarters are located in California, near Silicon Valley, San Francisco, and the State Capital, Sacramento. Projatech provides onsite, offsite, online, and remote services throughout the United States and Canada. Additionally, we have a highly experienced workforce ready to work at your location on both short and long-term projects. Our Mission Our mission is to exceed clients' expectations by delivering complete control over their projects through effective information handling, precise scheduling, and efficient resource management. We provide accurate and meaningful reporting to facilitate better decision-making and enhance project control. SERVICES OUR SERVICES Remote Project Planning & Scheduling Services Welcome to Projatech’s Remote Project Planning and Scheduling Services! Our expert team specializes in delivering top-tier project management solutions using industry-leading applications: Oracle Primavera and Microsoft Project. Whether you're managing a complex portfolio or a single project, our remote services ensure your project stays on track, on time, and within budget. More Details Oracle Primavera Project Planning & Scheduling Training Our Project Scheduling Training program is meticulously designed to empower professionals with the knowledge and skills needed to efficiently manage and control projects using Oracle Primavera and Microsoft Project software. This comprehensive training covers all essential aspects of project scheduling, from basic concepts to advanced techniques. Participants will learn how to create detailed project plans, allocate resources, establish timelines, and monitor progress effectively using these powerful tools. In addition to hands-on practice, our training includes in-depth tutorials and case studies that illustrate real-world applications. Whether you are a beginner looking to build foundational skills or an experienced professional seeking to enhance your expertise, our training program is tailored to meet your needs. Our expert instructors bring years of industry experience to the table, ensuring that you receive practical insights and actionable knowledge. By the end of the training, you will be equipped with the capabilities to leverage Oracle Primavera and Microsoft Project to their fullest potential, driving project success through meticulous planning and scheduling. More Details Project Reporting & Controls At Projatech, we understand that effective project controls and precise scheduling are the backbone of successful project management. Our comprehensive reporting services are designed to give you full visibility into your project’s status, helping you make informed decisions and maintain control over your projects. More Details Experience Industry Experience 150+ 25 Years 500+ Projects Completed Professionals Engaged OUR PROJECTS Clients OUR CLIENTS ABOUT ABOUT US At Projatech, we excel in providing top-tier project planning, scheduling, and controls services for the engineering and construction sectors. Our dedicated team is committed to delivering innovative solutions that enhance project efficiency and ensure success. With a strong emphasis on adapting to the evolving industry needs, we consistently exceed client expectations. We utilize leading software such as Oracle Primavera, Microsoft Project, and Oracle Primavera Risk Assessment Software. As a recognized global training provider and developer of standards and procedures for one of the world's largest oil companies, our highly experienced staff has contributed to various sectors including the school system, infrastructure projects, oil industry, energy production, nuclear plants, and general construction and engineering. Our team, averaging 20 years of experience in scheduling and project controls, brings expertise in planning, scheduling, earned value management, estimation, cost controls, and risk analysis. We offer flexible service options, including onsite, offsite, and online services for organizations of all sizes. Our professionals are available for both short and long-term assignments to support your needs. Utilizing advanced techniques such as Earned Value, Cost Performance Index, Schedule Performance Index, S-Curve, and Resource Loading Profiles, we ensure meticulous project management. Our effective planning and baseline performance measures allow us to keep projects on track, managing scope and schedule while mitigating risks. At Projatech, we are committed to helping you manage project changes and resolve conflicts efficiently, ultimately safeguarding your bottom line. CONTACT CONTACT US Inquiries For any inquiries, questions, or collaboration opportunities, please reach out to us at your convenience using the chat below. We are committed to providing timely and insightful responses to address your specific needs.

  • Scheduling Training | Projatech

    Project Scheduling Training Using Oracle Primavera Many instructors are merely instructors having past experience in project management or related fields, but not necessarily in project planning or scheduling. They are not currently actively involved in the field and are unaware of recent changes/advancement in project management work environment. Some other instructors are very knowledgeable but not in the art of teaching. In contrast, our instructors or not merely instructors with knowledge of utilizing Primavera Project Management Software, but they are actively involved in the profession and regularly provide scheduling training to corporate clients. So, not only they know the application inside out, but they possess years of real-life experience in project planning, scheduling, and controls. Our instructors don’t just teach, they practice their skills on daily basis in real work environment. They don't merely know how to operate the software, but they offer comprehensive information on how to function successfully in the profession and how to manage real projects. Not only you learn the technical aspects of your job, but you also learn many skills essential to be successful in this profession. During our instruction, students go through the entire project from start to finish from planning, data collection, system setup, project setup, to all the way to the completion of a project. You are given skill development assignments and tests on how to manage common difficulties in real life situations. We also help you resolve many challenges you face on daily basis. We offer small class sizes for individual attention and better training. Classes are forming now; contact us to schedule one. Classes are offered online, at our facility, or on-site at your location. Registration and payment are due two weeks prior to start of class. Cancellation received within a week is refunded in full. Call 1-800-676-1961 or send us an email at clients@projatech.com to further inquire. Please NOTE: Our single class covers more material than 2 or 3 classes offered elsewhere, and our training and support doesn't end with the class, in fact you become part of our extensive group of professionals, and we continue to provide you help and support until you are successful in your endeavor. Your instructor is not just any person with knowledge of Primavera. You will be trained by an exclusive world-wide scheduling trainer for a large petroleum company with over 12 years of experience in scheduling, training, project controls, and risk analysis in may industries, such as, engineering, construction, energy, transportation, and school system. RATES Call or email for larger class size and corporate training packages Two or more students Online with a live instructor over application sharing and conference call One-day Course:.............$650/Student Personalized 1-to-1 training Online with a live instructor over application sharing and conference call One-day Course:.............$950/Student 3 or More Students At your location customized face-to-face training One-Day Training:...........$900/Student (travel & boarding extra for less than 5 students) Two-Day Training:.......... $1,600/Student (travel & boarding extra for less than 5 students) Normally each online class is 6-8 hour long. In some cases if students prefer to learn at a slower pace, we can split each class into two 3-4 hour long class. During the class, students work on the application hands-on with the assistance of a live Instructor communicating via conference call and application sharing over the Internet. All online classes are offered on Friday, Saturday, and Sunday. Face-to-face classes can be arranged any day of the week. Call 1-800-676-1961 to further inquire or to make reservations: Classes & Syllabus

  • Risk Analysis | Projatech

    PROJECT COST & SCHEDULE RISK ANALYSIS Project Risk Analysis: ​ Most large corporations or large projects require project risk analysis to verify feasibility of the project. Whether the project is time or resource sensitive, risk analysis helps identify problem areas and help formulate a mitigation plan. Here is why you need a risk analysis: ​ To verify project logic and design. Identify common scheduling pitfalls that may result in misleading schedule or risk analysis results. To verify whether the plan is practical based on identified risk events. To pinpoint likelihood of finishing project on-time and on-budget. To identify key risk drivers based on criticality, risk sensitivity and/or duration sensitivity To reformulate project logic / sequencing based on risk analysis results To identify minimum, most likely, and maximum task durations based on three point estimate. Model both qualitatively and quantitatively positive and negative risk events (threats and opportunities) To design a mitigation plan for possible risk events To report on project likelihood of completing on-time and on-budget based on both pre-mitigated and post-mitigated schedule To develop a list of risk events and mitigation strategies to monitor throughout execution of the project. To help interested parties correct expectations regarding project deliverables Determine confidence levels regarding project cost and schedule success. Determine confidence levels, P-schedules and quick determination of contingency. Identify key risk drivers. Find out what task or risk event is causing your schedule to not perform as expected. Determine the combined probability of achieving both given budgets and completion dates together. "What If" analysis by interactively varying cost and schedule thresholds to reveal the resultant chance of success. Compare scenarios and determine the cost/benefit ratio of selected mitigation plans. Please call us to discuss further...

  • Performance Reporting | Projatech

    PROJECT PROGRESS & PERFORMANCE REPORTING We provide following consulting services: ​ Primavera Project Manager or MS Project Deployment & Implementation: Schedule Development: Schedule Updating: Resource Analysis: Performance Reports: Earned Value Management System (EVMS) Implementation: Project Risk Analysis: ​ Primavera or MS Project Deployment & Implementation including but not limited to the following: ​ Software Installation, standalone and or network installation Develop Organizational Structures, such as Enterprise Project Structure (EPS) Organization Breakdown Structure (OBS) Resource Breakdown Structure (RBS) Develop Global, Project, Resource codes and dictionaries Develop Global and Resource calendars Create customized layouts, filters and reports Develop schedule development, updating, control procedures ​ Schedule Development: ​ We can develop full cost and resource loaded schedule as per the contract requirements Create Work Breakdown Structure (WBS) Create project codes Insert activities with logic, in consultation with your project team Load schedule with budgeted labor and non-labor hours, costs and expenses. Create Target / Baseline schedule. Provide planned resource/cost loading reports. Provide planned cash flows. Bid and proposal schedule development. Leve 3 and level 4 detailed contract schedule development. ​ Schedule Updating: ​ We can provide experienced staff on full time / part time basis to update projects on regular set intervals as per your requirements, which will include: Collecting update data, Estimate to Complete % Complete Actual hours/cost incurred Entering data into the schedule Changing data date and recalculating the schedule Identify problem areas Produce report as agreed, such as Estimate to Complete (ETC) Forecast at Completion (FAC) Variance reports. Such as Schedule, Budget and Cost Suggest corrective action, if required We can collect data and update the schedule on and off site in our offices We can provide you with detailed schedule reports in soft and hard copies ​ Resource Analysis: ​ We can manage / help you manage labor and non-labor resources and cost /expenses associated with them by: Producing planned resource loading / requirement reports Updating schedule with actual resource usage / consumption Resource leveling Cash flow and analysis ​ Performance Reports: ​ We can create several reports indicating health of the project at a certain point of time such as: Activities Completion Report, number of activities completed against planned Milestone Completion Report, number of milestones achieved against planned Deliverables Completion Report, number of deliverables completed Number of activities scheduled vs. completed in a reporting period Number of not scheduled activities completed for the reporting period Project Dashboard Executive Summary Portfolio Analysis and reporting Portfolio dashboard and executive summary. WBS (Work Breakdown Schedule) analysis and reporting ​ Earned Value Management System (EVMS) Implementation: We are one of the most experienced companies to implement Earned Value Management System; we can create graphs and reports for the following: S-Curves Earned Value Cost Performance Index (CPI) Schedule Performance Index (SPI) ​ Project Risk Analysis: ​ Most large corporations or large projects require project risk analysis to verify feasibility of the project. Whether the project is time or resource sensitive, risk analysis helps identify problem areas and help formulate a mitigation plan. Here is why you need a risk analysis: To verify project logic and design. Identify common scheduling pitfalls that may result in misleading schedule or risk analysis results. To verify whether the plan is practical based on identified risk events. To pinpoint likelihood of finishing project on-time and on-budget. To identify key risk drivers based on criticality, risk sensitivity and/or duration sensitivity To reformulate project logic / sequencing based on risk analysis results To identify minimum, most likely, and maximum task durations based on three-point estimate. Model both qualitatively and quantitatively positive and negative risk events (threats and opportunities) To design a mitigation plan for possible risk events To report on project likelihood of completing on-time and on-budget based on both pre-mitigated and post-mitigated schedule To develop a list of risk events and mitigation strategies to monitor throughout execution of the project. To help interested parties' correct expectations regarding project deliverables Determine confidence levels regarding project cost and schedule success. Determine confidence levels, P-schedules and quick determination of contingency. Identify key risk drivers. Find out what task or risk event is causing your schedule to not perform as expected. Determine the combined probability of achieving both given budgets and completion dates together. "What If" analysis by interactively varying cost and schedule thresholds to reveal the resultant chance of success. Compare scenarios and determine the cost/benefit ratio of selected mitigation plans. ​

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