Resource rate risks

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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Torelli
Posts: 7
Joined: Fri Aug 04, 2006 7:42 pm

Resource rate risks

Post by Torelli » Fri Jun 09, 2017 11:03 am

Can I assign a risk to rate for resources. For example, rate can increase on 10% due to low availability of resources?

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

Re: Resource rate risks

Post by Intaver Support » Fri Jun 09, 2017 11:17 am

Yes, you can use the risk outcome type: rate increase to assign a risk the a resources rate. To assign a resource rate risk, open the Resource information dialog box and click Risks. Select or enter the risk name and enter a risk chance (probability) and from the Outcome Type drop-down list, select Rate increase. Finally add the relative impact, in this case 10%.

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As you can see, it is possible to model the risk as a statistical distribution with 3 pt estimates. It is also possible to model rate uncertainties as an issue. To do this, enter 100% Chance and then a statistical distribution that model the rate uncertainty. In this case, we have shifted to most likely rate by 5 % and possible limits of a decrease of -10% or an increase of 12%.

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