Simplified Cost & Schedule Risk Analysis with Deltek Acumen 360
Acumen Risk helps you effectively account for and proactively reduce risk exposure resulting in an accurate forecast you can rely on.
Project risk analysis tools don’t have to be complicated in order to provide true and accurate risk forecasts, that’s why Acumen Risk provides those reports that truly matter.
Accurate project scheduling and realistic cost forecasting can be the difference between being a project hero and being responsible for project failure.
While current scheduling tools provide a great foundation for project planning, you are still making the strong assumption tht your scope is 100% accurate and, regardless of what happens during execution, the project will finish on time.
In reality, projects don’t behave this way. Despite the best-laid plans, every project carries uncertainty and risk that all too often lead to cost and schedule overruns.
Acumen Risk helps you effectively account for and proactively reduce risk exposure resulting in an accurate forecast you can rely on.
Project Risk Analysis with Acumen Risk
Simply maintaining a list of identified risks doesn’t give you insight into the true impact of risk on your project.
By determining the realism of activity durations in the schedule (uncertainty) and combining this with identified risk events (from the risk register), analysis can be executed to pinpoint not only where your biggest risk exposure lies but also when in your project it’s most likely to occur.
Establishing the cause of cost and schedule risk in your project gives you a roadmap for establishing a risk reduction plan (through mitigation) making your risk management effort a pro-active risk-reduction solution rather than an exercise in just shining the spotlight on bad news.
S1 // S5™ Schedule Maturity Framework
Today, hundreds of projects around the world have benefited from the Acumen S1 // S5 approach to risk management.
By pursuing five levels of identified maturity, projects are able to establish schedules that are validated; have accounted for risk; have been optimized and mitigated in order to achieve a target and have team buy-in on the execution plan.
Each level leads to a more successful and more achievable project plan.
Acumen Risk Overview
Acumen Risk is an integrated cost and schedule risk analysis tool that integrates a project team’s existing risk register into a highly accurate risk-adjusted forecast.
Need to run a quick schedule risk analysis? Need to build a fully integrated cost/schedule risk model incorporating risk events and mitigation plans? No problem.
Acumen Risk is designed to accommodate both ends of the spectrum.
On one hand, Acumen Risk is incredibly powerful, analyzing thousands of activities in seconds while accounting for scope uncertainty, work complexity, risk events and opportunities.
On the other hand, it is user friendly eliminating the statistical and logical complexities of building risk models against large project schedules.
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