What is NetRisk?

In NetRisk, the probability of a risk event occurring can be independent among the various activities it is linked to, and it might fluctuate between those activities as well. This differentiation provides a more precise depiction of risk responses, especially for activities scheduled years apart or situated across different project locations. Furthermore, NetRisk's automated risk sensitivity analysis feature consistently reassesses the entire simulation by methodically excluding the risk that poses the most significant threat. This methodology produces a tornado chart that illustrates the exact number of days each risk affects the timeline for project completion. Contrary to CPM risk analysis, which presumes that all activities start early, NetRisk takes into account the utilization of float, allowing for a more accurate evaluation of completion probabilities. By enabling activities not on the critical path to commence later, NetRisk can adeptly simulate scenarios regarding resource optimization, progress pacing, and other strategic considerations, leading to a more reliable project model. This comprehensive level of analysis not only enhances the understanding of potential risks but also empowers project managers to make well-informed decisions regarding risk management and efficient resource allocation. Ultimately, this results in improved project outcomes and greater overall effectiveness.

Screenshots and Video

NetRisk Screenshot 1

Company Facts

Company Name:
PMA Technologies
Date Founded:
2011
Company Location:
United States
Company Website:
pmatechnologies.com/netrisk/

Product Details

Deployment
SaaS
Training Options
Online Training
Video Library
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

NetRisk Categories and Features