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Project Decision Analysis and Risk Management

 

Below is a list of risk and decision analysis software products used in project management. These software programs can help you to implement the processes described in this book. All software within a category is listed in alphabetical order. 

Quantitative Project Risk Analysis Software

 

Product Name

Company

Comments

1

@RISK for Project

Palisade Corporation

798 Cascadilla Street, Ithaca, NY 14850, USA

www.palisade.com

Quantitative risk analysis for Microsoft® Project .

2

Deltek Risk +

Deltek

13880 Dulles Corner Lane, Herndon, VA 20171, USA

www.deltek.com

Quantitative risk analysis for Microsoft® Project.

3

Pertmaster Project Risk

Pertmaster LTD

The Surrey Technology  Centre

40 Occam Road, Guildford, Surrey GU2 7YG UK

Pertmaster

2100 West Loop South, Suite 1050

Houston, Texas 77027, USA

www.pertmaster.com

Quantitative risk analysis. Works standalone, as well as with Microsoft® Project and Primavera®  products.

4

RiskyProject

Intaver Institute Inc.

303, 6707 Elbow  Drive, S.W.   

Calgary, Alberta T2V0E5, Canada

www.intaver.com

Quantitative risk analysis. Works standalone, as well as with Microsoft® Project  and other project management software. Supports event chain  methodology. Includes risk templates. Integrated decision tree analysis  through schedule-to-decision-tree conversion.

Enterprise-Level Risk Management Software

Product Name

Company

Comments

1

Active Risk Manager

Strategic Thought Ltd.

The Old Town Hall, 4 Queens Road

London SW19 8YA, UK

Strategic Thought Inc.

950 Herndon Parkway, Suite 420, Herndon, VA 20170, USA

www.strategicthought.com

Web-based risk management including qualitative and quantitative risk analysis.

2

Enterprise Risk Register

Incom Pty Ltd

8 Normac St., Roseville, NSW 2069, Australia.

www.incom.com.au

Web-based enterprise-level project risk management software.

3

Deltek WelcomRisk

Deltek

13880 Dulles Corner Lane, Herndon, VA 20171,USA

www.deltek.com

Web-based risk register and qualitative risk analysis. Integrated with quantitative risk analysis software

4

Istria Risk Management

Istria Limited

8 Grafton Street, London W1S 4EL, UK

Istria Limited  US Office, 3955 South Oneida Street Denver, CO 80237, USA

www.istria-ltd.co.uk

Risk management on corporate, department, portfolio, program, and project levels. Includes qualitative and quantitative risk analysis.

5

Pertmaster Risk Expert

Pertmaster LTD

The Surrey Technology Centre, 40 Occam Road, Guildford, Surrey GU2 7YG UK

Pertmaster

2100 West Loop South, Suite 1050, Houston, Texas 77027, USA

www.pertmaster.com

Enterprise-level project risk management software. Includes qualitative and quantitative risk analysis (see Pertmaster Project Risk) and risk register.

6

Predict!

Risk Decisions Ltd.

Buchan House, Parkway Court, Oxford Business Park South, Oxford OX4 2JY,UK

www.riskdecisions.com

Toolset for identifying, analyzing, and managing risks.

7

RiskRadar

ICE, Div. of American Systems

814 Greenbrier Circle, Suite E, Chesapeake, VA 23320, USA

www.iceincusa.com

Web-based project risk management software.

8

RiskTrak

Risk Services & Technology

614 Nashua Street, Suite 168, Milford, NH 03055-4992 USA

www.risktrak.com

Windows-based risk management software

Brainstorming Software Used in Project Management

Product Name

Company

Comment

1

MindManager

MindJet Corporation

Koshland Building, 1160 Battery Street, 4th Floor, San Francisco, CA 94111 USA

www.mindjet.com

Visual tools for brainstorming ideas, strategic thinking, and information management.

2

MindMapper

SimTech USA

1565 W. Main St., Suite 208-310, Lewisville, TX 75067, USA

www.mindmapper.com

Visual tool for brainstorming and information management.

3

OpenMind

MatchWare Inc.

605 West Azeele Street, Tampa, FL 33606-2205, USA

www.matchware.com

Productivity software for capturing, organizing, developing, and presenting information.

4

PathMaker

SkyMark Corporation

7300 Penn Avenue,Pittsburgh, PA 15208, USA

www.skymark.com

Strategy planning, brainstorming, process improvement, meeting management, quality management, and data analysis.

5

SmartDraw

SmartDraw.com

9909 Mira Mesa Blvd.,Suite 300,San Diego, CA 92131,USA

www.smartdraw.com

Business graphics and mind-mapping software.

Decision and Risk Analysis Software Used in Project Management

 

Product Name

Company

Comment

1

Analytica  

Lumina Decision Systems

26010 Highland Way, Los Gatos, CA 95033-9758,USA

www.lumina.com

Visual tool for creating, analyzing, and communicating decision models. Economic model of the project is created using influence diagrams .

2

CrystalBall

Decisioneering, Inc.

1515 Arapahoe St., Suite 1300, Denver, CO 80202, USA

www.decisioneering.com

Risk analysis for spreadsheets.

3

DecisionTools Suite

Palisade Corporation

798 Cascadilla Street, Ithaca, NY 14850, USA

www.palisade.com

Includes @RISK risk analysis software with spreadsheets, decision tree  analysis, sensitivity analysis, optimization, distribution fitting, and visualization tools.

4

DPL

Syncopation Software, Inc.

1623 Main Street, Concord, MA 01742, USA

www.syncopation.com

Desktop tool for decision analysis and real-option valuation. Includes influence diagrams, decision tree analysis, Monte Carlo simulation, and sensitivity analysis.

5

Model Risk For Insurance and Finance

Vose Consulting

2891 20th Street Boulder, CO, 80304

www.voseconsulting.com

Risk analysis software for Excel.

6

SmartOrg products:

Project Navigator ,

Portfolio Navigator, Decision Advisor

SmartOrg, Inc.

855 Oak Grove Avenue, Suite 202, Menlo Park, CA 94025, USA

www.smartorg.net

Modeling, evaluating, forecasting, and managing the business opportunities in projects and portfolios.

7

Supertree/

Sensitivity

SmartOrg, Inc.

855 Oak Grove Avenue, Suite 202, Menlo Park, CA 94025,USA

www.supertree.net

Decision tree and sensitivity analysis.

8

TreeAge Pro

TreeAge Software, Inc

1075 Main Street, Williamstown, MA 01267 USA

www.treeage.com

Decision tree and influence diagram, sensitivity analysis, Bayes' revision, Monte Carlo simulation, and multi-attribute analysis.

9

Vanguard Studio

Vanguard Software Corp

1100 Crescent Green, Cary, NC 27518, USA

www.vanguardsw.com

A graphical modeling tool used to build decision analysis tools and enterprise decision-support systems.  Includes forecasting, decision tree analysis, Monte Carlo simulation, and LP optimization

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