Audience
Companies looking for a construction risk management solution
About NetRisk
In NetRisk, a risk's probability of occurrence can be un-correlated amongst the activities to which it has been assigned - and in fact, it can even be different. Therefore, this approach is more realistic for a risk response that affects activities scheduled years apart or at different project sites. Thanks to automated risk sensitivity analysis, NetRisk re-runs the entire simulation, each time removing the risk with the biggest impact. The result is a tornado chart showing the exact impact in days that each risk has on the project completion. By scheduling activities on early starts in every iteration, CPM risk analysis does not account for the impact of float use on project completion and therefore overestimates the probability of completion. With NetRisk, activities off the critical path can be started later to model resource leveling, progress pacing, or other strategic reasons, resulting in a more realistic model.
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- Manage a centralized risk register with multiple hierarchies
- Keep tabs on financial impacts & probabilities based on risk tolerance
- Capture & relate financial, operational, reputational & third-party risks
- Map controls to regulations, frameworks, incidents & risks
- Remediate findings through workflows or the POA&M process
Ready-made products get you started in as quickly as 30 days:
- Governance, Risk & Compliance Suite
- Risk Management
- Third-party Risk
- Controls & Compliance
- Audit & Assurance
- Policy Lifecycles
- CMMC
- BC/DR
FedRAMP moderate environment available.
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Integrations
Company Information
PMA Technologies
Founded: 2011
United States
pmatechnologies.com/netrisk/
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Platforms Supported
Cloud
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