Risk Analysis Results

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.

Moderator: Intaver Support

WayneDavidson
Posts: 11
Joined: Tue Mar 14, 2006 5:56 am

Moment of risk

Post by WayneDavidson » Sat Apr 01, 2006 9:57 pm

Sorry, just one more, I was reading through your documentation and cam across moment of risk. What does it mean and how do I use it?

Intaver Support
Posts: 892
Joined: Wed Nov 09, 2005 9:55 am

Moment of risk

Post by Intaver Support » Sat Apr 01, 2006 10:01 pm

Moment of risk is defined by
The moment of risk is uses in tracking to automatically calculate the chance of a risk for partially completed tasks, in task cancellation, in risk "restart task". So iif you put a trianglar distribution for a risk that start at A% of the task duration, and has a most likely at B and ends a C, RiskyProject uses this disrtibution to calculate the remaining chance that the risk can occur.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

WayneDavidson
Posts: 11
Joined: Tue Mar 14, 2006 5:56 am

Again, thanks

Post by WayneDavidson » Sat Apr 01, 2006 10:02 pm

Thanks for the example on moment of risk. It is a hard one to get your head around.

WD

Post Reply