Compare @RISK и Execview

Benefits:

Two things: documentation and the easiness to do networking which is very important for anybody who is interested on working in the area.

Drawbacks:

Would like to see more practical examples of BIG projects but I suppose many of them are property of the company that developed them.

Summary:

Monte Carlo simulation is a very useful tool that allows the user to incorporate variability to what otherwise would be a simple spreadsheet model ... Read more

Monte Carlo simulation is a very useful tool that allows the user to incorporate variability to what otherwise would be a simple spreadsheet model that uses average values. It is possible that if you use average values a project you are analysing will be profitable according to your analysis. When you incorporate variability while the expected profit is positive, can find that there is a high probability of the profit being really a loss. @risk is a software you can use to create this type of models. It is basically an Excel add-in that will allow you to transform your Excel model into a much more versatile one. When you run your model you obtain not only a point estimate but can look the spread of the estimates. Can also identify which input variables are critical and you can also do some sensitivity analysis to look into the potential effect of one or more of the inputs changing (for example, what could happen if interest rates change). The software is easy to use and it has an excellent manual as well as excellent online support. The company also organises on a regular basis very interesting conferences where case studies are presented by companies and these conferences are an opportunity to meet like minded people. I have been using the software mostly for teaching but past students are using them at their workplace with great success.

Benefits:

Works within Excel as an add-in Easy to setup and use Distribution library is large, also like the distribution fitting option

Drawbacks:

There is no viewer available. User must have the @Risk license to interact with the results. You can always take screen shots but you cant interact... Read more

There is no viewer available. User must have the @Risk license to interact with the results. You can always take screen shots but you cant interact iwth the data.

Summary:

Benefits:

The ease and efficiency @RISK allows you to model real business problems makes it a great tool to have. It provides a lot of insight with its large... Read more

The ease and efficiency @RISK allows you to model real business problems makes it a great tool to have. It provides a lot of insight with its large amount of available tools to sort your collected data (tornado graphs, histograms, etc.) and can sort it further by correlation coefficients, total change, etc. It is also very easy to pick up. If you already have some fluency with Excel and basic knowledge of statistics you will be able to understand how to work @RISK very fast.

Drawbacks:

There is not a lot of critical things I have to say about @RISK as its functionality is as it should be. Although if I did have to choose I would s... Read more

There is not a lot of critical things I have to say about @RISK as its functionality is as it should be. Although if I did have to choose I would say that it would be nice to have a couple more graphical tools to visualize the data.

Summary:

@RISK is an extremely functional tool for data modeling and has given me a great user experience since I began using it.

Benefits:

There are several video tutorials available for questions you might have and this is a great tool for simulating several possible outcomes quickly.... Read more

There are several video tutorials available for questions you might have and this is a great tool for simulating several possible outcomes quickly. Seems to be a lot of support available for troubleshooting and learning.

Drawbacks:

I liked least that I was limited by my own lack of knowledge of the potential and offerings of this product, but that may improve the more it is used.

Summary:

Benefits:

Execview provided a single source of the truth for project reporting and dispensed with outmoded Excel/PowerPoint templates. Used properly this is ... Read more

Execview provided a single source of the truth for project reporting and dispensed with outmoded Excel/PowerPoint templates. Used properly this is a go-to tool which helps the user manage their programme/project on a daily basis. The ability to structure workflow supported and reinforced the company's delivery governance, and the ability to roll-up risks and project reporting proved invaluable.

Drawbacks:

No major dislikes/issues. The look and feel of the Execview UI was ok; however, this could be improved. I understand that this point is actively ... Read more

No major dislikes/issues. The look and feel of the Execview UI was ok; however, this could be improved. I understand that this point is actively being addressed by the Execview team. Would have been good to have a dedicated App for quickly accessing project status.

Summary:

Execview as a company proved to be highly responsive to the needs of the customer and continually looked to innovate and improve its product to enh... Read more

Execview as a company proved to be highly responsive to the needs of the customer and continually looked to innovate and improve its product to enhance the end-user experience. It offers all of the functionality required to govern, manage and deliver complex portfolios of projects, in a highly efficient and user friendly manner.

Benefits:

Ease of learning the basics. PM's trained and proficient within 3 hours. Productivity gains for PMs and PMO. Incredible improvements in transparenc... Read more

Ease of learning the basics. PM's trained and proficient within 3 hours. Productivity gains for PMs and PMO. Incredible improvements in transparency. Powerful drill down reporting for senior management. Instant corporate roll-up. Powerful exception reporting. First class comprehensive risk management module. Very popular within the P3M community. Flexibility in development corporate metrics. Security model supported segregation by business unit. Ability to configure Concise Executive dashboards with real time data.

Drawbacks:

At the time of implementation, the method to dashboards replication did not use a full inheritance model. So replication across our 100+ accounts ... Read more

At the time of implementation, the method to dashboards replication did not use a full inheritance model. So replication across our 100+ accounts required more effort than anticipated. The part of the application has since been enhanced.

Summary:

Having implemented enterprise applications of very large vendors (often USA based), working with a smaller UK focused organisation was a delight. ... Read more

Having implemented enterprise applications of very large vendors (often USA based), working with a smaller UK focused organisation was a delight. Responses were prompt and pertinent and we often were able to have a dialogue directly with the senior architect which had excellent outcomes.

Benefits:

Quick and easy set up & use for smaller portfolios

Drawbacks:

1. Clunky, old fashioned UI and UX (e.g. no drag and drop function) 2. Little flexibility available functions, rigid 3. Too simple and slow for lar... Read more

1. Clunky, old fashioned UI and UX (e.g. no drag and drop function) 2. Little flexibility available functions, rigid 3. Too simple and slow for large portfolios 4. Little integrating with 3rd party solutions

Summary:

When users come with requests majority of the time EV is limiting in the options.

Benefits:

Ease of use and being able to customise the product to match the client's lifecycle.

Drawbacks:

There are some things that could be added which we are currently discussing with Execview such as lessons learned functionality. Also improving usa... Read more

There are some things that could be added which we are currently discussing with Execview such as lessons learned functionality. Also improving usage of measures and speed of workflow.

Summary:

Overall we are very happy with the tool and have rolled it out to our clients. It is very easy to use, aligned to the Project lifecycle and provide... Read more

Overall we are very happy with the tool and have rolled it out to our clients. It is very easy to use, aligned to the Project lifecycle and provides excellent reporting at all levels. The customer support team are very responsive and work hard to ensure any issues are resolved promptly. Excellent customer service team with regular contacts with their clients to build partnerships and plan together for the future.