Guiding Enhanced Project Performance
Polaris delivers projects, programs and portfolios both on time and on budget. Need help? Whether it’s training or consulting, Booz Allen’s bench of Polaris analysts are available to assist. Polaris analysis consists of four phases:
Polaris integrates cost estimates, schedules and risk registers into a single analytical model that provides a cohesive view across all three project control functions.
Understand Your Project Controls
Projects can be exceedingly complex; they are comprised of many different functions including budgeting, estimating, scheduling, and risk management. Polaris takes all of these pieces and integrates them into a single picture finding inconsistencies, risks, and drivers of cost and schedule growth, allowing your projects to be more efficient and streamlined.
Working with What's in Place
Shifting Project Controls Platforms is time consuming and expensive. Rather than requiring the creation of new artifacts, Polaris leverages existing project management data. Polaris is fully compatible with industry tools including Oracle® Primavera P6, Microsoft® Project and Microsoft® Excel, allowing the team to continue using their existing infrastructure, streamlining all project data into one manageable space.
Many Functions. One Team.
Nothing is more critical to a project than the team. Cost Estimators, Schedulers, Risk Managers, and Project Managers all play integral roles in the completion of the project; each team member uses their skills to deliver the best possible results. Unfortunately, with so many moving parts, communicating to all team members can be tough. Through Polaris’ seamless merging of artifacts, teams can use one file, enabling real-time analysis, seeing the immediate effects each function area has upon the others.
Polaris forecasts future cost and schedule growth allowing project managers to identify challenge areas, set reserve levels based on quantitative analysis, and to make commitments with confidence.
Nothing Left to the Imagination
When driving down a dark road, it’s always a good idea to turn on the headlights. The same is true when managing a project. No one can predict the future, but with Polaris project managers now have the ability to see the entire range of possible outcomes both before and during project execution. Polaris is built on Booz Allen’s RealTime Analytics technologyTM empowering thousands of Monte Carlo Simulations to run in mere seconds. These thousands of simulations provide a guiding light for managers to see variations of potential cost and schedule outcomes.
Guessing vs. Knowing
Take out the guessing game when making decisions. Don’t settle for qualitative information when Polaris uses quantitative data to predict potential outcomes. Polaris simulates a myriad of potential sources of risk and uncertainty thousands of times, accurately forecasting future cost and schedule growth. By comparing forecasts against the planned schedule and available budget, managers can better arm themselves against risks before they arise and pose a threat.
While Polaris was specifically built for integrated cost and schedule risk analysis it can also be used just for schedule risk analysis. Our cutting edge sensitivity analysis engine enables managers to discover and troubleshoot the root causes of cost and schedule growth.
Integrated Cost and Schedule Risk Analysis (ICSRA)
The fundamental idea of ICSRA is that costs, schedules, and risks are uncertain events describable as probability distributions. By determining the combined effects of those distributions we can predict future cost and schedule growth and analyze its sources.
Schedule Risk Analysis (SRA)
For projects just starting to use quantitative analysis, Polaris can quickly perform SRA without incorporating budgets. Equipped with a variety of views, Polaris gives analysts the ability to scale their analysis for their organization’s maturity and their project’s needs.
Down to the Lowest Level
Polaris, using RealTime Analytics technologyTM, stores the outcomes of every single input (uncertainty and risk) and every single output (cost, schedule, and resources) for the entire model, for all iterations of the simulation run. This allows analysts to perform unparalleled root cause analysis to uncover sources of cost and schedule growth at all levels of the project.
Complex Analysis Made Accessible
Analysis is only as valuable as it is understandable. This is why Polaris’ analyses are presented using evocative visuals, built into an easy-to-use interface allowing decision makers to quickly understand the results while fostering communication across the project controls disciplines.
Polaris’ RealTime Analytics simulation engine is one of a kind. For the first time, managers and analysts can test mitigative actions and run what-if analyses without ever leaving the meeting.
The Right Decisions at the Right Time
Analysis is only valuable if it enables better decision making. The most revolutionary feature of Polaris is giving all users, from analysts to decision makers, the ability to test mitigative actions and to see their impact on reducing cost and schedule growth. With RealTime Analytics technology, it is not only possible to take action but also to see the impacts of those decisions immediately, while still in the meeting. Hour long simulation run times are a thing of the past. With Polaris, it is possible to streamline team communications, analyze challenges, simulate every risk that lies ahead and discover the best possible project path.
- Gantt Chart and Cost/Schedule Uncertainty
- Cost Loading and Fiscal Year Planning
- Discrete Risk Analysis
- Sensitivity Analysis
- Statusing and Advanced Reporting
- Advanced Cost/Schedule Tradeoff Analysis
- Critical Path Tree Visualization
- Resource Heat Map Visualization
- Inflation Tables
- Schedule Health Check
- Cost/Schedule Tradeoffs
- Joint Confidence Level (JCL) Scatterplot
- Automated Risk Prioritization
- RealTime Analytics Simulation Technology
- Customizable cost and date formatting
- Cost contingency tracking
- Deterministic cost phasing view
- Advanced Report Generator
- Status Bar
- Return on Investment
Microsoft® Project 2003, 2007, 2010, 2016
Primavera P6 (v7, 8 15)
Microsoft® Excel 2003, 2007, 2010, 2013 (.xls, .xlsx)
Microsoft® Windows XP Service Pack 3 or higher, Windows® Vista, Windows® 7, Windows® 8
Flash Player 10.2 or later
Minimum 1GB RAM
Hard Drive Space: 160MB
"I cannot thank y'all enough for the training you provided us here. It easily surpassed any expectations we had going into the course. We will definitely get the word out in regards to this amazing product and the minds behind the curtain. Thanks again."
Large Oil and Gas Company
"Love Polaris. Great visual representation of the project risks and the effect they have on the overall project schedule and cost. This software helps us identify and quantify, both cost and schedule impacts. We can then take these results and develop better mitigation plans for executing our projects."
Global Fortune 500 Company
Polaris is equipped with a variety of analytical views and visualizations.
Thank you for your interest in Polaris, your inquiry is important to us. If you would like to learn more about Polaris or schedule a demo, please fill out the form below. We look forward to speaking with you soon!