risk management

Project Risk Management software

with Cleopatra Enterprise

Cleopatra Enterprise offers project Risk Management solutions for total Project Risk Quantification. Our comprehensive approach includes the creation of contingency budgets, which are both time and/or money allocated to address identified risks. This ensures that your projects remain on track and within budget, even when unforeseen challenges arise.

More informed decision-making

Up to 21% more successful with risk assessment best-practices

Up to 35% more cost-successful

Risk Management software dashboard

At Cleopatra Enterprise, we include contingencies in our estimates to cover potential risks in your projects. It’s understood that unforeseen events can occur that may not be anticipated when the initial estimate is prepared. Generally, the less information is available (as often seen with high-level estimates), the higher the contingency that should be included to ensure project resilience.

However, contingency is not just a number, but rather a range that reveals how much risk a company is willing to take to experience a cost or schedule overrun. This is different for each type of company with an owner aiming for e.g., P50 contingency, but an contractor could be focusing on having an P85 contingency. All risks and quantifications will be shown, but it up to you to decide on the risk you’re willing to take.

Systemic risks within an organization or team, affect the eventual outcome of the project. Examples of systemic risks include poor contract management, inexperienced project managers, weak systems, and lack of competencies. Overall, systemic risks are a major challenge in the early project phases, due the lack of project maturity. Later on this risk will reduce, since more project information becomes available. At Cleopatra Enterprise, we carefully analyze systemic risks, ensuring that all risks are addressed and managed effectively.

risk management software dashboard
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Cleopatra seamlessly integrates with other software platforms and external tools such as Primavera P6 and ValidRisk. Specific risk percentages can be derived from programs like @Risk or Crystal Ball for project-specific risks, whereas we collaborate with ValidRisk on total Project Risk Quantification according to the Recommended Practices from the AACEi. Integrations can be configured for these solutions, and a dedicated connector was created for ValidRisk.

Within Cleopatra, risk management is an integral part of your project decision-making due to cost and schedule integration. As a result, there is a solid basis to commence the project and to be prepared for all risks that lie ahead.

All our solutions come with their own unique features. This one does too! Explore a brief summary of some of them.

Total project risk quantification

Allocation of time and/or money to address identified risks

Seamless integration with other tools

Holistic and integrated approach to project risk management

What our customers are saying

Ready to start?

Request a live demonstration and experience the benefits Cleopatra Enterprise can have for your organization.

project dashboard
Estimating

Cost Estimating

Streamline your estimating process and feel supported in every phase of your project, from conceptual to detailed level. View solution
Estimating

Cost Estimating

Streamline your estimating process and feel supported in every phase of your project, from conceptual to detailed level. View solution
Integrations icon

Integrations

Integrate existing applications with Cleopatra’s advanced integration software solution to boost productivity and streamline operations. View solution
Integrations icon

Integrations

Integrate existing applications with Cleopatra’s advanced integration software solution to boost productivity and streamline operations. View solution
project cost database

CESK Data

(Cost Estimating Standard Knowledgebase) is our in-house cost database. It provides data across various industries, including the process equipment, offshore wind, mining, energy, offshore, and marine works sectors. View solution
project cost database

CESK Data

(Cost Estimating Standard Knowledgebase) is our in-house cost database. It provides data across various industries, including the process equipment, offshore wind, mining, energy, offshore, and marine works sectors. View solution
Calendar representing scheduling

Scheduling

Cleopatra seamlessly integrates with industry-standard tools like Primavera P6 and Microsoft Project, ensuring efficient scheduling operations. View solution
Calendar representing scheduling

Scheduling

Cleopatra seamlessly integrates with industry-standard tools like Primavera P6 and Microsoft Project, ensuring efficient scheduling operations. View solution

Ready to start?

Request a live demonstration and experience the benefits Cleopatra Enterprise can have for your organization.