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Solutions for Professional Services Firms
An Deltek risk workshop tells you how realistic the project schedule and/or cost estimate are. The workshop provides the answers to these questions:
Successful risk analysis lays the foundation for schedule acceleration. The risk analysis results can be used to find activities and network paths that have the biggest opportunity to accelerate key milestones and project deliverables while maintaining high confidence levels.
Lower risk exposure, less required contingency, fewer risk hot spots and hidden critical paths all mean reduced project costs and potential cost overruns.
After determining risk exposure, Deltek workshops produce alternate accelerated, risk-adjusted scenarios. These scenarios address and resolve common scheduling flaws and help determine whether applying contingency or investing in mitigation efforts is best.
Successful risk mitigation requires a careful accounting of the cost, time and effort attached to each mitigation step. This data can be used for the detailed ROI analysis required to defend the final mitigation choices made by the project teams.
Deltek’s risk assessment methodology has been used on CAPEX projects totaling over $300 billion, and led to a 10% average reduction in project costs, 20% average schedule acceleration and saw a 91% forecasting accuracy.
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