Top 10 Best Construction Risk Assessment Software of 2026

Primavera Risk Analysis, from Oracle, is a premier quantitative risk management solution designed specifically for construction and large-scale projects. It leverages advanced Monte Carlo simulations to model uncertainties in schedules and costs, enabling precise risk assessment, contingency planning, and optimization. Seamlessly integrated with Oracle Primavera P6, it automates risk analysis directly on project schedules, providing actionable insights through tornado charts, sensitivity analysis, and comprehensive reporting. This tool empowers teams to mitigate risks proactively and improve project outcomes.

@RISK by Palisade is a powerful Monte Carlo simulation add-in for Microsoft Excel, designed for quantitative risk analysis in construction projects. It allows users to model uncertainties in costs, schedules, durations, and other variables using probability distributions, generating thousands of iterations to predict risk exposure like overruns and delays. Ideal for construction risk assessment, it provides probabilistic forecasts, sensitivity analysis, and tornado charts to prioritize risks effectively.

Acumen Risk, from Deltek, is a specialized risk management platform tailored for construction and capital projects, offering forensic schedule and cost risk analysis. It identifies hidden risks in project schedules and budgets using advanced techniques like Monte Carlo simulations and the proprietary S2//RISE™ methodology. The software integrates seamlessly with tools such as Oracle Primavera P6, enabling probabilistic forecasting, risk mitigation planning, and detailed reporting to improve project outcomes.

Pertmaster, developed by Barbecana, is a specialized project schedule risk analysis software that employs Monte Carlo simulation to quantify uncertainties in construction project timelines. It integrates directly with Oracle Primavera P6 and Microsoft Project, enabling users to apply three-point estimates, correlations, and risk events to generate probabilistic schedules and forecasts. Primarily focused on quantitative schedule risk assessment, it helps construction professionals identify critical paths, predict delays, and optimize contingencies.

RiskyProject is a comprehensive project risk management software from Intaver Institute that leverages Monte Carlo simulations to quantify uncertainties in schedules, costs, and risks for complex projects like construction. It allows users to define probabilistic task durations, costs, and discrete risk events, providing detailed risk analysis reports, tornado charts, and mitigation strategies. Ideal for construction risk assessment, it integrates seamlessly with Microsoft Project and Oracle Primavera to enhance existing workflows with probabilistic modeling.

Safran Risk is an enterprise-grade risk management software specializing in quantitative risk analysis for complex projects, including construction. It uses Monte Carlo simulations to assess uncertainties in schedules and costs, integrating directly with tools like Oracle Primavera P6 and Microsoft Project. The platform provides risk-adjusted baselines, probabilistic forecasts, and detailed reporting to help construction managers mitigate delays and overruns effectively.

Full Monte CPM is a Monte Carlo simulation software designed specifically for construction project risk analysis, enabling probabilistic forecasting of schedules and costs. It integrates directly with tools like Oracle Primavera P6 and Microsoft Project to import schedules and perform quantitative risk assessments, accounting for uncertainties, correlations, and external factors like weather. The software generates detailed visualizations such as histograms, tornado charts, and S-curves to help identify critical risks and optimize contingency reserves.

Asta Powerproject is a robust project planning and scheduling software tailored for construction and engineering sectors, offering advanced features for managing complex schedules and timelines. It includes integrated risk assessment tools like Monte Carlo simulations and probabilistic analysis to quantify schedule uncertainties and identify potential delays. While primarily a planning tool, its risk capabilities help construction teams proactively mitigate risks through scenario modeling and reporting.

Synchro Pro is a 4D construction project management software from Bentley Systems that integrates 3D BIM models with detailed schedules for visual simulations and planning. In the context of construction risk assessment, it excels at identifying schedule risks, resource conflicts, and potential delays through what-if scenarios and time-distance analysis. While powerful for visualizing and mitigating qualitative risks, it lacks advanced probabilistic or Monte Carlo-based quantitative risk modeling found in dedicated tools.

Procore is a comprehensive cloud-based construction management platform that includes dedicated Safety and Risk Management tools for identifying, assessing, and mitigating construction risks. It offers features like incident reporting, inspections, observations, audits, and a centralized risk register to track hazards, ensure regulatory compliance, and generate actionable reports. While not a standalone risk assessment tool, it integrates risk data seamlessly with project schedules, financials, and field operations for proactive decision-making.