Best practice risk management solutions, helping you to reduce risks and exploit opportunities in your business, programmes and projects.
Reasons to buy Predict! Here's what one customer said on LinkedIn
Reasons for buying Predict! Read the comment by Michael Gladwin (KBR) on the LinkedIn Monte Carlo Simulation, Excel and Model Risk Group.
Discussion: Active Risk Manager (ARM) - to buy or not to buy?
I have just made the decision, and I chose not to buy. I chose Predict Risk Controller.
Monte Carlo modelling capability was not a factor, although both Predict and ARM offer this functionality, as I agree that managing risk and modelling risk are separate processes needing a specific view of the available data to achieve the objective. Other functionality that I require is roughly equivalent between the two products.
I am implementing a risk management system across a very large infrastructure programme. I want to bring both the client and the supply chain into the risk management process. I therefore need control over who can see what and I need to be able to fine tune access and functionality to the ability of the user/organisation. I also do not know at this point in time exactly how many users I will have
An ARM deployment would force me to use predetermined access levels using a large number of named licences. Changes in plans for the licences (promotion/demotion, eg a user needing additional functionality that is not available in the allocated licence) requires a completely new licence to be purchased and the other to be left fallow.
Predict on the other hand has a concurrent licencing system with fine access control completely in my control as administrator. Those users who need occasional or sporadic access do not require a dedicated, potentially expensive, named licence.
This wasn't the only factor in the decision, but it is an important one, which I have not seen mentioned before.
Posted by Michael Gladwin
Click here to read the full discusison: www.linkedin.com/e/1tldpl-gy6z2xo0-m/vaq/89414600/1518367/67071049/view_disc/?hs=false&tok=0bjQHlJNQNOR41
