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Expert Artikelen OPC
schedule 02 December 2024
person Paul Bartels

OPC Risk: BAEKEN APPROVED

Oracle Primavera Cloud (OPC) brings risk analysis and project planning together in one powerful platform. Previous analyses showed that the risk module in OPC was not yet reliable enough compared to well-known solutions such as the thorough Oracle Primavera Risk Analysis (OPRA) program. In this article, I explain why OPC Risk is now BAEKEN-approved.

Why choose OPC Risk?

  • Simple and direct
    With OPC, you perform risk management and planning within one platform, without exporting or complex steps. The integrated scoring matrix for qualitative risks can also be standardized across the organization. This means that risk analysis and management can be seamlessly integrated and compared across multiple projects. Risk analyses can also be displayed via dashboards for better communication to different stakeholders. This all-in-one approach saves time, keeps projects organized, and prevents errors.

  • Advanced features such as Risk Removal Impact
    OPC Risk offers the new feature β€œRisk Removal Impact,” which allows you to directly analyze the impact of individual risks; the net effect of each risk on your P-value is immediately apparent. In OPRA, this analysis had to be done manually by removing one risk at a time and redoing the risk analysis. This tool gives you more control and insight, which is essential in large projects.

  • Continuous innovation
    OPC continues to evolve and regularly adds new features, such as weather risks. Although OPRA still has unique advanced options, like probability branching and criticality index, OPC continues to better suit advanced risk analysis needs.

OPC Risk vs. OPRA

In the past, OPC Risk showed large deviations from expected values, thus it was not reliable enough. Recently, we retested OPC Risk and it now appears that the results are sufficiently reliable such that we have confidence in it.

During this recent test, I compared OPC Risk with OPRA. Both the P values at the finish date and intermediate milestones were analyzed. Furthermore, I examined the impact of uncertainties and constraints on planning, as well as the effects of tasks and risks via tornado graphs. Finally, I mapped the impact of risks on project costs. This analysis showed that the P-values of the finish date in OPC are now as expected instead of deviations of 30+ days, as was previously the case relative to OPRA. For the full analysis of all aspects examined in this study, read here.

Thanks to these improvements, OPC Risk is now reliable enough and therefore BAEKEN-approved for use in all your risk analyses, even on large and complex projects. OPC Risk’s ease of use and seamless integration with other OPC modules, covering all facets of Project Control, Project Management, and Portfolio Management, make OPC Risk the new standard for risk analysis.

BAEKEN: Your partner in reliable risk management

BAEKEN helps you fully leverage OPC as part of your project strategy. We are committed to a data-driven and sustainable project approach and support teams in successfully implementing OPC aligned with your goals.

With a focus on collaboration, innovation, and control over risk, BAEKEN provides not only technology, but also the expertise to take your projects to the next level. Are you ready to step up to efficient risk management?

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