General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.
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I have some actuals in my project, how are they going to affect the results?
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- Joined: Wed Nov 09, 2005 9:55 am
The status of the actuals can have a large impact on the forecasted activity and project finish times. In the example below, we can see the original deterministic schedule in red, but the actuals show that the project has slipped by a week. This means that the Simulation will now use the finish date of the actuals as the starting date for the simulation. This is because the slippage is what we consider a “sunk cost”. It has already occurred, therefore the simulation must take it into account. In addition, if activities are partially completed, the calculation prorates the risks and uncertainties to account for the % complete.
Intaver Support Team
Intaver Institute Inc.
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