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SOURCE: Safran North America LLC
Safran Project 3.8 extends integration capability with Monte Carlo risk providing unmatched performance
Albuquerque, NM (PRWEB) January 17, 2013
Safran North America (SNA), one of the world’s leading manufacturers and distributors of project management applications, announced today that it has published the release notes on Safran Project 3.8, which includes the incorporation of simulated Monte Carlo analysis integrated into the network scheduling engine. The new release has been sent to selected customers for acceptance testing, which is expected to last two to three months before final release.
The Schedule Risk Analysis (SRA) features include:
– Optimistic, deterministic, Pessimistic duration estimates;
– Distribution Profiles; Square, Triangle, Trigen (10%,90%), Gauss methodologies;
– Start, Finish and Duration histogram;
– Tornado Chart; Criticality index + Schedule sensitivity Index.
– Risk data available for Symbols in Bar chart Editor
– Risk data available for Columns in Bar chart Editor
– Risk data available for histogram and line chart histogram;
– New tab separated Schedule Risk pane in the Bar chart Editor;
– Configurable Histogram and Tornado Chart;
– Print Preview, Print, Copy to Clipboard, save and mail report; and
– Quick Risk optimistic and pessimistic duration estimates and distribution profile.
Several other enhancements requested by Safran’s customer base are also included in the release, including greater capability to organize schedule groups and portfolios, which allows for additional management options for those using hammocks and other methods of groupings, greater integration with Safran Web Access—which is also being introduced into the North American market this quarter—and additional enhancements in reports and analysis.
When releasing the notes to its customers, Matt Pitstick, Chief Technology Officer of Safran North America, had this to say: “Safran has distinguished itself in the project management market by providing a fully integrated, comprehensive solution from the ground up for those aspects of project management that will benefit from this approach."
"The attributes of integration," he explained, "are a single system written as a cohesive application and built on a common database that does not require interfaces or data transfer. Safran Project meets this ideal and does so in a way that reduces labor, administrative and lifecycle costs for applications that are essential to business processes and the bottom line. We are pleased to include risk management in this category. By placing this capability as an integrated part of the network schedule engine, the performance and results when running schedule risk analysis are unmatched in terms of speed and accuracy. Combined with the existing “what-if” capability, alternative plans, and simulation engine, the ability to run and save each SRA as part of project history is a capability found in no other single solution.”
Nicholas Pisano, Chief Executive Officer of Safran North America, added: “By making Monte Carlo a natural part of project management, another stove-pipe in essential project management data has been removed. Safran Project approaches project management by providing information essential to today’s managers and team members on a real-time basis. Our average customer replaces from four to eight individual “best-of-breed” niche applications with Safran Project alone—reducing the amount of labor, training and other expenses associated with project management software up to this time. Combined with our partnership with Intaver Institute and its Risky Project application that interfaces with Safran for risk register and risk driver information, we have mainstreamed and made practical information that was previously the province of the specialist.”
“Again Safran Project proves to not only provide the project with a highly functional tool for setting up and controlling a plan that can be as big as it wants to be, but it also directly demonstrates the consequences of the time schedule,” commented Lars Sandbakk, senior consultant for Safran North America. “Resource loads, manpower levels, progress S-curves, cost development and cash flow is shown real time at all levels of the project structure. Combined with historical data which is another tightly embedded part of the solution, all project parties at all times know where they wanted to be, where they actually are, and where the project is heading – in due time to make any necessary corrections – or better – to take advantage of any identified opportunities. The new Risk capability now also shows the probability of actually meeting the project goals, making the plan much more than just a scientific guess based on static data. This gives the stakeholders very good and early predictions about how sound the project concept is and if it should pass initial clarification gates.”
Safran North America management indicated that this was only the first of new releases planned for 2013. “Many of our Aerospace and Defense customers have requested additional enhancements and so a release for that market is planning in early 2013,” said Mr. Pitstick, “as well as a complete technology upgrade that will allow us to take advantage of the additional capabilities for the .NET framework and Microsoft® Visual Studio environment. Thus, by the end of 2013 our Safran line of products will be well positioned to meet the needs of another generation of project managers.”
Safran Project is used by some of the world's largest corporations to manage their most complex, challenging, and far-reaching projects.
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