Latest Business Articles

Before I explain the Risks feature of Primavera P6, note that one can not really use or benefit from this feature unless you have knowledge and skills on how to calculate risks, identify their impact, probability and then calculate realistic contingency reserve for cost and schedule, for each activity.

Interested ones who want to learn about the Risks feature in Primavera, here is what this feature does:

First, note that there are always many risks in any progress, whether it is financial risk, schedule risk, contractor risk, or weather risk. A good plan is the one in which you have included contingency reserves after identifying risks and...

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In any project, there are costs which are neither labor cost, non-labor cost nor material cost. Some people call such costs 'over head costs', some say 'administrative cost', and others have their own names for such costs.

In Primavera, these costs are called Expenses. Primavera allows us to assign expenses (non-resource costs) to activities.  For example, while doing project planning you have noted that staff meals will...

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While surfing website, we many times click on links, often called hyperlinks to open another website or another page on the same website. On websites, clicking the links take you to another site/page/document, and in Primavera P6 we use WPS & Docs feature to link your activities with documents so that when you click the link that you have assigned to an activity, the document you need will open up right from Primavera window.

We...

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Threshold means limit. In Primavera, using the Threshold feature, we can define certain limits to activities. For example you define Finish date limit to your activity, such that if the activity Finish date exceeds that limit, you will be shown which activity is this one.

We can define lower and upper limits, so if the activity is below or higher than your limit, you will see those activities.  

We can define many...

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You can define a specific project status in General Tab in Projects window.  The purpose of setting Project Status is to define you what the current status of the project is.

Changing the status does not effect the project and its content in any way, since it is not connected to anything.

Here are meanings of different project statuses:

  • Active:  You're currently working on this project. In other...

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