User's Guide to  

RiskyProject Professional

RiskyProject = Project Schedule + Risks and Uncertainties

RiskyProject allows you to calculate project schedules, which account for risks and uncertainties. You can define different risks at the project level and for each separate task or resource. Each risk is defined by its chance of occurrence, outcome (increase duration, cost, cancel task, etc.) and time of occurrence. The chance of risk occurrence can be easily calculated based on historical data. 

In addition to the Risk list, uncertainties in the RiskyProject can be represented using statistical distributions. RiskyProject supports the following distributions for task duration, start time, and cost:

Using RiskyProject’s intuitive interface, you can define ranges for the following task parameters: duration, start time, cost, and lag between task successor and predecessor. You can then assign a statistical distribution for each parameter. This method for measuring risk can be useful if you have reliable historical information about such input variables.