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RiskyProject for Microsoft Project as a Standalone Application

RiskyProject as a Standalone Application

You can launch RiskyProject directly from the Windows Program menu. When you open RiskyProject, the main Project view appears in which you can enter schedule and risk, perform the analysis, track project performance and report the results.

RiskyProject for Microsoft Project

RiskyProject seamlessly integrates with all versions of Microsoft Project from 2003 and higher. When you install RiskyProject, it checks if Microsoft Project is installed on the computer. If Microsoft Project 2003/2007 is installed, RiskyProject and adds a toolbar and macro to Microsoft Project. If Microsoft Project 2010/2013 is installed RiskyProject installs ribbon tab and Add-In to Microsoft Project.

Here is how the integration works:

  1.  The first time you open Microsoft Project after installing RiskyProject for Project, check to see that the RiskyProject toolbar (for Microsoft Project 2003/2007) or ribbon tab (for Microsoft Project 2010/2013) is visible. In Microsoft Project 2003/2007, you can enable or disable the toolbar by clicking on Toolbars in the View menu. In Microsoft Project 2010/2013, you can enable/disable ribbon tab by clicking on Options in the File menu. Project Options dialog will come up where you can select Customize Ribbon. You can also check the installed RiskyProject add-in by selecting Add-Ins.
  2.  Create a schedule in Microsoft Project.
  3.  If you use ribbon for Microsoft Project 2010/2013:
    •  Define statistical distributions for cost and duration of for selected tasks inside Microsoft Project; all statistical distributions are saved in RiskyProject file.
    • Add risk-related information in the RiskyProject views if necessary: risk events, probabilistic and conditional branching, probabilistic calendars, etc.
    • Perform Monte Carlo simulations
    •  View results of analysis and reports in Microsoft Project. 
    • If you use toolbar for Microsoft Project 2003/2007 statistical distributions need to be defined in RiskyProject views
  4. Click one of buttons on the RiskyProject toolbar in Microsoft Project 2003/2007 or RiskyProject ribbon tab in Microsoft Project 2010/2013 to go to selected RiskyProject view. Essentially, RiskyProject offers additional risk related views to Microsoft Project such as a risk adjusted Gantt chart, a Risk Matrix, a risk adjusted cash flow chart and more.
  5. Add risks, uncertainties, and other risk-related information in the RiskyProject views.
  6.  Run a simulation, perform an analysis and generate a report.
  7.  At any moment, y At any moment, you can go back to Microsoft Project and make changes to your schedule. All changes will be reflected in RiskyProject. However, if you make changes to the deterministic project schedule in RiskyProject, these changes may be overwritten by the Microsoft Project schedule.


  • You must save the schedule in Microsoft Project to use the integration between Microsoft Project and RiskyProject.
  •  Always use the RiskyProject toolbar or ribbon tab in Microsoft Project and Go back to Microsoft Project button in RiskyProject to move back and forth between RiskyProject and Microsoft Project.
  • Once you have added risks and uncertainties to your schedule in RiskyProject, they will be always associated with Microsoft Project schedule.
  • Once you open a risk view from within Microsoft Project, your Microsoft Project file will be associated with the RiskyProject data file that contains risks and uncertainties for the schedule created in Microsoft Project.
  •  Links between the Microsoft Project schedule and the RiskyProject file (alm extension) are saved in the registry. If you move the RiskyProject file into a different directory, you will be prompted to browse to find the RiskyProject file associated with Microsoft Project file.
  •  If you move the Microsoft Project file, the link between Microsoft Project file and RiskyProject will also be broken. In this case, use the command File > Import > Risks from Another Project to find the RiskyProject file.
  •  If you make any changes in Microsoft Project and open RiskyProject using the toolbar or ribbon tab, RiskyProject will reflect the change; however, the risks and uncertainties will be adjusted proportionately. For example, your schedule in Microsoft Project has a task  Project Inception with a Base duration of 5 days and in RiskyProject you define Low duration as 2 days and High duration as 6 days. If you go back to Microsoft Project and change the Base duration to 10 days, when you return to RiskyProject, the Base duration will be 10 days (the same as in Microsoft Project); however, your Low and High durations will be adjusted proportionately (4 days and 12 days respectively. The same logic is used if you adjust the original fixed costs, work, income, lag, and start times.
  •  Low and high duration and costs are stored in Microsoft Project: duration1, duration2, duration3 etc. to define low and high duration in RiskyProject. Statistical distributions are stored in text fields in Microsoft Projects. You must map the duration, cost, and text fields in Microsoft Project to low and high duration or cost in RiskyProject using Field Mapping settings.
  •  Some features of Microsoft Project are not supported in RiskyProject. For more information, see Frequently Asked Questions.
  • You can make changes to the schedule in RiskyProject. However, RiskyProject does not write these changes, such as task duration or task name, back to the Microsoft Project schedule. Therefore, we recommend that you do not to make any changes to original schedule in RiskyProject. Use RiskyProject to add risks, uncertainties and other risk related information.
  •  If you want to transfer the original schedule updated in RiskyProject or results of probabilistic analysis to Microsoft Project, use File > Launch > Microsoft Project. Please note that RiskyProject is using legacy MPX format to transfer data to Microsoft Project. This format should be enabled in Microsoft Project. Some scheduling data may not be transferred due to limitations of the MPX format.

See also

Improved Interfacebr /> Improved Probabilistic and Conditional Branching

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