SOURCE: PertMaster

August 01, 2006 10:00 ET

PertMaster Achieves Certification With Primavera 5.0; Providing Industry Leading Project Intelligence to Joint Customers

PertMaster Assists Project-Led Organizations With Tools to Improve Project Selection and Delivery Through Comprehensive Project Intelligence

HOUSTON, TX -- (MARKET WIRE) -- August 1, 2006 -- PertMaster, a provider of project risk analytics software for Project and Portfolio Management (PPM) environments, today announced that it received official accreditation/certification with the flagship portfolio project management platform from Primavera Systems Inc. This product accreditation further aligns PertMaster as a Certified Technology Partner with Primavera. The announcement demonstrates PertMaster's commitment to providing not only the most comprehensive risk management product in the marketplace, but also providing industry leading project intelligence so project managers and CXOs alike can easily determine tactical and strategic health indicators and metrics and pro-actively reduce risk exposure within their corporations' projects.

"PertMaster targets project-led organizations who are looking to improve their level of maturity in managing risk," said Roy Illsley, Senior Research Analyst, Butler Group. "PertMaster's product suite allows organizations to test project variables and forecasts a spend profile for a project; showing when project cash-flow is required, and allowing organizations to manage their project finances more effectively."

"PertMaster provides the most comprehensive risk management value-add solution to Primavera's PPM environment today," said Dan Patterson, Vice President, PertMaster. "PertMaster goes well beyond traditional risk management by providing Primavera users with a fully integrated risk register that is closely tied to a Monte Carlo-based cost and schedule analytics engine. From initial cost estimating, through schedule execution & closeout, Pertmaster provides an additional layer of project intelligence and scenario modeling."

On average, PertMaster customers can expect a minimum improvement of 10 percent in the control of cost/schedule budget overruns. Some customers have experienced as much as 25 percent improvement on the total budget of a project.

"Primavera and PertMaster have worked closely to develop a combined risk analysis and scheduling solution that effectively meets the business needs of our joint customers," said Dean Edmundson, Director of Technology Alliances at Primavera. "This certification is the latest example of our ongoing collaboration with PertMaster and we're pleased to continue growing this partnership."

About PertMaster's Solution

PertMaster can run as standalone software or as a powerful risk "add-on" module for all versions of Primavera planning software, Microsoft Project, Deltek and Safran. PertMaster Project Risk has been recognized as the number one choice by Primavera for schedule & cost risk analysis and by Microsoft as a Microsoft Office Project 2003 Solution. Unlike most other systems on the market, the analytic tools and reporting engine in PertMaster are completely integrated within the planning system. This means it is not only more stable and reliable than other systems but also lightning fast. Typically 100 times faster than other scheduling and risk tool combinations. For more information, visit http://www.pertmaster.com/products/riskExpert.htm.

About Primavera

Primavera is a software company whose clients depend on its project, resource and portfolio management solutions to identify which projects are most important and to make it easy for people to work collaboratively, productively and successfully. Primavera solutions are industry-specific and role-based, with the power to support global enterprises. Primavera solutions have ensured the success of projects and programs collectively worth more than $5.5 trillion. For more information, visit www.primavera.com.

About PertMaster

PertMaster is a provider of risk and analytics software for Project Portfolio Management (PPM) environments, with focus on oil and gas exploration, engineering, manufacturing, construction, aerospace, defence and government. Some 7,000 projects around the world rely on PertMaster solutions to help management & engineering alike model and control risk and uncertainty on portfolio costs, resource requirements and schedules. Key customer benefits include: improved project bidding, smarter project execution and control, more realistic project expectations, objectively managed contingency tracking, better risk-balancing of project portfolios and improved communication of risk to stakeholders. PertMaster is a Microsoft Certified Partner, Microsoft ISV/Solutions Partner, Microsoft VBA partner as well as a Primavera Technology Partner. For more information please visit our web site at: http://www.pertmaster.com.

PertMaster and PertMaster Project Risk are trademarks of PertMaster of Houston, Texas.

Contact Information

  • Contact
    Rich Mullikin
    PertMaster Public Relations
    409-515-0641
    Email Contact