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Prasanna
Application Engineer Enterprise
Project Management Solutions
ImageGrafix Engineering Services P Ltd
Mobile : 8056177429 |prasanna@iges.in

www.fndsite.com
astapowerproject.com Copyright Elecosoft UK Ltd 2015
 Understand Purpose of risk analysis within power project

Generating Reports using Monte carlo and Latin hypercube methods

Identifying those task that are most likely to delay end date of the project

Highlight those task carry the biggest risks

Better understand the potential impact of risk and opportunity

Running risks analysis with costs

Displaying cost/income / margin likelihood and distribution

Increase ability to meet objectives and achieve profit margins

INTRODUCING TO ASTA POWERPROJECT
First launched in 1988, Asta Powerproject is a powerful, project, portfolio and
resource management solution

Used by large and small businesses alike, it is the preferred software of thousands
of construction professionals.

Why choose Asta Powerproject?

Easy-to-use but extremely powerful
Full scalable so suits projects and portfolios of all sizes
Superior presentation of project plans and simpler printing
Filtering for easier management of sub-contractors
Cost-effective licensing options
Enterprise option for multi-user, multi-project, real-time access
Provides dashboard reporting for quick executive summaries of progress
Easily integrates with other software
Affordable 4D planning link project plans to 3D models within a single application

Asta Powerproject: The power behind successful projects

SIGNIFICANT PROJECTS
IMPLEMENTATION

Asta Powerproject: The power behind successful projects

SOME OF OUR CUSTOMERS
Asta Powerproject

Asta Powerproject: The power behind successful projects

Asta Powerproject: The power behind successful projects
Asta Powerproject: The power behind successful projects
ASTA POWERPROJECT MODULES

Asta Powerproject Asta Powerproject Enterprise

Asta - BIM

Asta Powerproject: The power behind successful projects

ASTA POWERPROJECT PROJECT, RESOURCE AND
COST
80% of Asta Powerproject customers are user of Primavera software. Asta Powerproject support extremely well with
Primavera, because it can open your Primavera file and perform the below function and save back in
Primavera for the final submittal.

Standard Features Risk Analysis Cost Management Advance Features

Asta Powerproject

CPM Method Run Monte Carlo Simulation Schedule grouped Multiple tasks on single line
Build-In with Asta activities and overhead within standard layout
Gantt Chat cost correctly
Highlight tasks that carry Multiple progress periods
Scheduling the biggest risk Multiple resources cost measurements , Resource
rates Modelling.
Resource Proactively manage risk
Track Income and cost Identify and hide Non-driving
Milestones Potential impact of risks and for true case flow links
opportunity
Baseline Flexible currency display Calculate and display free
Test out different What if
Mixed calendar scenarios based on exchange rate float easily

Asta Powerproject: The power behind successful projects

ASTA POWER PROJECT- RISK ANALYSIS

This enables project risk to be quantied and allows project managers

to proactively identify difculties that may affect the successful
completion of a project.

All projects are inherently risky. Tasks can have an uncertain duration, costs can
vary and resources output rates can uctuate.

It allows uncertainty to be assigned to tasks to answer questions such as:

What is the likelihood of completing the project on time and within budget?

Which tasks are most likely to cause the project to be delayed?

Asta Powerproject: The power behind successful projects

WHEN TO USE RISK ANALYSIS
Risk analysis is useful in many situations:

When you're planning projects, to help you anticipate and neutralize

possible problems.

When you're deciding whether or not to move forward with a project.

When you're improving safety and managing potential risks in the

workplace.

When you're preparing for events such as equipment or technology

failure, theft, staff sickness, or natural disasters.

When you're planning for changes in your environment, such as new

competitors coming into the market, or changes to government policy.
Asta Powerproject: The power behind successful projects
SCHEDULES TYPES

Schedule can be categorized as the following:

The Cautious schedule (Pessimistic)

The Realistic Schedule (Most Likely)

The Aggressive Schedule (Optimistic)

The Scale to fit Schedule (Politic!)

Asta Powerproject: The power behind successful projects

 ASTA RISK MANAGEMENT PROCESS
Risk Analysis presents users with a variety of what if scenarios.

Hundreds of statistically robust scenarios can be generated quickly based on

thousands of iterations.

Each scenario provides a percentage chance of completing the project by a

certain date and identies different degrees of task criticality.

The project plan can then be rescheduled based on the preferred scenario,

with tasks and end dates altered accordingly.

Asta Powerproject: The power behind successful projects

THE ASSUMED ACTIVITY DURATION :

o M P

Probabilistic duration
 PROBABILISTIC DURATION

Optimistic Duration : The shortest time in which the activity can reasonably be
completed

Most Likely Duration : The Completion time having the highest probability

Pessimistic Duration : The longest time that an activity may reasonable require

Expected Activity Duration= (optimistic + 4 x Most likely +Pessimistic )

6

Asta Powerproject: The power behind successful projects

PROBABILISTIC DURATIONS:
5 6 9
O M P
MONTE CARLO SIMULATION
iteration
1 10 Days

2 9 Days
20 3 14 Days
19 2 4 17 Days
12 18 27 3 5 10 Days
11 17 6 3
2 3 3 6 14 Days
6 10 16 524 2
3 83 4 7 13 Days
5 15 13 2
9 23 37 4 4
4 14 54 8 7 Days
2 8 14 22 20 63 4
1 3 7 13 21 29 53 0
3 44 7
4 4 9 10 Days
8 4 9 3 6 8
10 12 Days
7 8 9 10 11 12 13 14 15 16 17
11 10 Days
MIN Likely Max
RISKS ANALYSIS
REPORTS
SENSITIVITY REPORTS
LIKELIHOOD AND DISTRIBUTION
REPORTS