"A Good Project Decision is a Good Business Decision"

Finally! A creative way to consistently manage project risks.

PROAct™ is a risk management process with software designed to help you systematically manage uncertainties -- both risks and opportunities. The user-friendly software is an effective decision support tool which provides managers with a coordinated framework for identifying, assessing, monitoring, controlling and reporting issues related to project risks and opportunities.

The acronym stands for Proactive Risk and Opportunity Action. This fundamentally is a database of identified risks and opportunities that might affect a project. The database also holds actions that can be considered for implementation. All elements -- perhaps hundreds in a large project -- are tracked throughout a project's life cycle.

The expected value concept is used to prioritize candidate actions using a Return On Investment approach. An especially appealing PROAct™ feature is the ability to do a Monte Carlo simulation to estimate the uncertainty in the project total cost. This approach to cost risk estimation is a lot less work than detailing the risks in a full project model.

PROAct™ HIGHLIGHTS

• A flexible way to manage and track risks, opportunities, and actions.
• A life-cycle management tool.
• Decision support database stays on top of hundreds of risks and responses across an organization.
• Graphs and reports for prioritizing risks, uncertainties, and candidate actions.
• Qualitative or quantitative modes for assessing probability, impacts and action costs.
• Training courses and consulting available.
• Single-user, network and site licenses.

The PROAct™ methodology and software was developed by Jerry Gilland, an electronics engineer and project manager with over 38 years of experience, most recently in the aerospace industry. Both he and John Schuyler are available for training and support.

● COMPARING PROAct TO OTHER RISK ANALYSIS TOOLS

● COMPLEMENTS PROJECT PLANNING AND SCHEDULING SOFTWARE

● PROAct™ BROCHURE (pdf file) or (html file)

For more information or to order software please contact:

Jerry Gilland (PROAct's author)
Engineering Management Services
Boulder, Colorado  USA
(303) 494-8009

 

or

John Schuyler (decision and risk analysis trainer and consultant)
Decision Precision
Aurora, Colorado  USA
(303) 693-0067