Project Confidence levels

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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Rtgorwer
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Joined: Wed Jan 10, 2007 4:10 pm
Location: France

Project Confidence levels

Post by Rtgorwer » Thu Mar 23, 2017 1:26 pm

Does riskyproject calculate confidence level for the project?

Intaver Support
Posts: 838
Joined: Wed Nov 09, 2005 9:55 am

Re: Project Confidence levels

Post by Intaver Support » Thu Mar 23, 2017 1:52 pm

Yes, with Monte Carlo simulation, RiskyProject calculates confidence levels for start time, finish time, duration, work, and costs. All of these are shown in the Project Summary View.

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In the Project Summary, Low and High results are confidence levels (or percentiles) that are set in the Project Options > Calculations tab. In the example below, the Low and High confidence levels shown on the Project Summary are set to p30 and P80.

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If you double-click on any of the Project Summary Charts, this will open a detailed chart that includes a Percentiles tab that shows the Project’s range of confidence levels for the particular parameter (e.g.Finish Time)

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Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
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