PHILADELPHIA and LONDON, July 26 /PRNewswire/ --
- New Release Features Highly Intuitive, Easy-to-Use Interface to
Demonstrate the Cost & Schedule Benefits of Different Risk Mitigation
Approaches
Primavera today announced the immediate availability of Primavera
PertMaster v8, a new version of its project risk analytics software for
project and portfolio management (PPM) environments.
Key new developments in Primavera PertMaster v8 include:
-- Cost/schedule trade-off analysis: Dramatically and visually show the
relative benefits of alternative risk mitigation approaches.
-- A highly intuitive interface: Offers fast access to product functions
and substantially reduces the learning curve for new users.
-- Extended integration: Provides seamless integration with Primavera
P6(TM) and Microsoft Project 2007.
-- Standard risk assessment: Users can create standard template risk
functions, views and menus that facilitate the assessment of risk in
project and portfolio management.
"Primavera PertMaster v8 has given my team even greater insight and
ability to ensure that the project keeps moving to meet with time and budget
constraints," said Bill Hunter, PMP, manager, planning & scheduling, Aker
Kvaerner. The speed of the information back to the risk management team makes
it easier to respond to challenges that arise. We can also alert management
so there are no surprises."
"Assessing and managing project risk is now an important component of
good governance, in all industries," said Roy Illsley, Senior Research
Analyst at Butler Group, Europe's leading independent IT Research and
Advisory organisation (part of the Datamonitor Group). "Strong risk methods
and good tools are important to planning realistic project schedules,
resource requirements and budgets; this approach can be useful when preparing
project proposals as well as for the delivery of projects."
"To eliminate project failure, executives and project managers have to
plan ahead so that projects do not get derailed," said Joel Koppelman, CEO of
Primavera. "They need to mitigate risks throughout the project lifecycle and
ensure their mitigation efforts deliver the highest possible return.
Primavera PertMaster v8 is the only risk management solution that enables
clients to easily see the impacts of different risk mitigation plans. With
Primavera PertMaster v8, project leaders can make sound, informed project
decisions."
About Primavera PertMaster
Primavera PertMaster is a key component of the Primavera suite of
solutions. It is a risk and analytics software solution for Project Portfolio
Management (PPM) environments, with a focus on oil and gas exploration,
engineering, manufacturing, construction, aerospace, defense and government.
Some 7,000 projects around the world rely on Primavera PertMaster to help
management & engineering alike model and control risk and uncertainty on
portfolio costs, resource requirements and schedules. Key customer benefits
include: improved project bidding, smarter project execution and control,
more realistic project expectations, objectively managed contingency
tracking, better risk-balancing of project portfolios and improved
communication of risk to stakeholders. For more information visit
http://www.pertmaster.com .
About Primavera
Primavera is a software company who provides business solutions for a
project-driven world. The company helps organizations identify which projects
are most important, and makes it easy for people to work collaboratively on
those projects and deliver them successfully. Primavera solutions are
industry-specific and role-based, with the power to support global
enterprises. Primavera solutions have ensured the success of projects
collectively worth more than US$5.5 trillion, including the management of IT
projects that span the globe, the construction of the world's tallest
buildings, ongoing multi-billion dollar oil discovery projects, space
exploration, and the efficient use of personnel at professional services
organizations. For more information, visit http://www.primavera.com or call
+1-800-423-0245.
Primavera and the Primavera sundial logo are trademarks of Primavera
Systems, Inc. All other trademarks mentioned herein are the property of their
respective owners.
Microsoft and Microsoft Project 2007 are either registered trademarks or
trademarks of Microsoft Corporation in the United States and/or other
countries.
For more information, contact:
Derek Harris
+44-0845-838-6044
derek@harriscomms.com
Web site: http://www.pertmaster.com
http://www.primavera.com
Primavera Systems, Inc.
Derek Harris, +44-0845-838-6044, derek@harriscomms.com
