User's Guide to  

RiskyProject Professional

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Project Risk Management and Decision Analysis 

Calculations

RiskyProject has two types of calculations:

  • Baseline (deterministic) - The default calculation automatically performed when you modify a project schedule. As this calculation occurs automatically, you do not need to press the Calculation button. This calculation uses the Base input parameters (duration, start time, lag) and without taking risks into account.

  • Probabilistic (Monte Carlo simulation) – Use this to calculate the project schedule and costs with uncertainties and risks. 

Automatic Monte Carlo simulations for small tasks are enabled by default.

To enable/disable up the automatic Monte Carlo simulation for small tasks:

1. From the Tools menu, choose Options. The options dialog box opens.
2. Click the Calculations tab.
3. From the Default Calculation for Small Projects option box, select one of the two options:
     · Baseline Calculation only
     · Probabilistic Calculation (Monte Carlo simulations) 
4. Click OK.

RiskyProject automatically determines which project is small based on your computer’s performance and the size of the project.

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