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GAIN CONFIDENCE IN YOUR PROJECT MANAGEMENT

EKTON Project Analytics helps executives and project managers to overcome the risk of failure in their projects, and to provide amazing project results through the use of 5D programming and integrated analysis of project costs and risks. And sometimes we recover projects that are heading for disaster.

Ekton offers project intelligence and an honest look at project completion, a realistic completion date or cost to base your plans on. A risk adjusted schedule built by Ekton Project Analytics forecasts a completion that includes scope uncertainty and risks to the project.

We offer schedule ranges and cost ranges. Ranges are a very attractive risk metric because in many ways, having a risk forecast that shows a pessimistic picture but a very tight range, is preferable to have a risk forecast that shows a highly optimistic forecast but with a wide range.

BE PREPARED

Companies are so busy trying to make sense of their data and producing prompt reports that they have little time for the real job of managing risk, that is, identifying, mitigating and analyzing.

From unstable, unreliable data to unidentified risks and unrecognized opportunities, the outcome is just the same:

Disturbingly poor reporting leading to unwise decision making, then, it is the project that suffers bringing far reaching consequences.

The risk register put together by Ekton Project Analytics helps you prepare for what could go wrong before it trips you up during execution.

GAIN INSIGHT

You need more than a list. Simply keeping a list of identified risks does not give you any insight into the true impact of risk on your project. A list of risk events for your project is an excellent starting point but Ekton Project Analytics helps you evaluate the true severity of these risks.

- Pinpoint which activities, risk events and driving paths are the leading cause of your project’s cost and schedule risk exposure.

- Pinpoint where you should focus mitigation efforts.

- Project stakeholders can understand the cost and benefit of mitigation strategies and easily decide where money should be spent.

This risk analysis also offers insight into how much management reserve will be needed so everyone from the executive to the project manager has a clear understanding of expected profit.

GET FASTER AND IMPROVED RETURN ON INVESTMENT

What happens when construction projects come in late, over budget or fail entirely? Well, the simple answer is this:

The financial return on a project can be reduced when it is delivered late, over budget, or a combination of both, while a project that is abandoned before completion, costs the company not only the money invested in the project, but also the benefits now lost to the organization. These can include lost sales, higher than expected operating costs, missed market opportunities, competitive advantage, or leadership position.

In this case, Ekton Project Analytics offers how companies can ensure a return on investment:

- Avoiding late delivery means that projects start repaying their investment earlier.

- Avoiding cost overruns means that profits margins are preserved.

- Avoiding de-scoping means the full business benefits are achieved as expected.

- Even better, you can return your unused contingency funds so that they can be used elsewhere. This may make the difference to the survival of other projects, which in turn means additional returns begin to flow.

Reduced delays, lower costs and improved return on investment.

Three great reasons for using Ekton’s approach and its risk management but there is one more.

SEIZE OPPORTUNITIES BY TAKING CALCULATED RISKS

A calculated risk is one where the rewards of success far outweigh the consequences of failure. By increasing your ability to manage risk, you put yourself in a good position to take advantage of these opportunities.

The improved return on investment you get from delivering on time, plus the savings you make by not having to use your contingency budget, means you generate wealth that can be reinvested. Once you become better at managing risk, you will find investment opportunities where you previously only saw problems.