InEight updates risk analytics toolbox for project planning
An update to a multi-dimensional construction planning tool from software firm InEight lets project managers, schedulers, workface planners and estimators remove risk from their bottom lines and increase confidence in their projects.
InEight Planning, Scheduling & Risk relies on data from previous projects and artificial intelligence to identify threats in current projects and recommend risk mitigation strategies. The solution’s intuitive interface enables a seamless user experience that delivers clear and actionable insights on risk management, the company says.
“We’re democratizing access to world-class risk assessment for construction by building the most complete risk analysis and mitigation capabilities on the market and making them easy enough for anyone to use,” said Nathan St. John, head of product, scheduling and risk, at InEight, said in a release. “Risks are not static — they move with the ebbs and flows of the project, so getting an accurate picture of total risk exposure across an entire capital project in real time has been something reserved for organizations with big budgets and a dedicated risk expert on staff.”
The cloud-based solution from InEight changes this, allowing contractors and other stakeholders to closely monitor total project risk, find threats and then prioritize mitigation options.
Multiple Risk Mitigation Assignments and Tracking; Schedule Critique; Enhanced Risk Register; and Cost Risk are among the modules included in the update.