This forum includes discussion about project risk analysis and risk management theory: Monte Carlo simulations, Event Chain Methodology, schedule and cost risk analysis. Please submit questions and case studies about your experience with our project risk analysis software.
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- Joined: Fri Mar 09, 2007 8:26 am
We are trying to use success rate view. But we don’t get anything but 100% on all tasks.
- Posts: 897
- Joined: Wed Nov 09, 2005 9:55 am
Success rates is a measure of how often an activity is actually performed during each iteration of the Monte Carlo simulation. Task execution and therefore success rates can be impacted by deadlines, risk outcome assignments and probabilistic or conditional branching. In the first two, tasks can be cancelled because they did not meet specific dates or a risk occurred. In the last, it may be that the project switches to a different branch due to one or more conditions not being met. In my experience, the Success Rate view provides the most powerful visualization of the results of a branching simulation and is very good at communicating the results to team members or other stakeholders. If you go to our Samples folder (C:\Program Files\Intaver\RiskyProject 6.1\Samples) and open the RP_Branching.alm, it provides a very nice illustrative example of how the Success Rate clearly visualizes the impact of the branching logic on project plan. We use the traffic like color scheme to indicate the success rates of each activity and the overall project going from green = high to red =low
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