Project risk score scale

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Hato
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Project risk score scale

Postby Hato » Wed Dec 23, 2015 2:01 pm

I saw a risk scale on the project summary diagram. What does it mean and how it is calculated?
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Re: Project risk score scale

Postby Intaver Support » Wed Dec 23, 2015 2:32 pm

Project risk score scale is presented when you perform calculation in Microsoft Project. It is part of project summary dialog.

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When you double click on project bar in RiskyProject Enterprise, the same dialog will come up. Project risk score is calculated separately for duration, cost, and other parameters. If there are no uncertainties in cost and other parameters, risk score fields will be empty. Project risk score is calculated based on empirical formula: project risk score equals 2 if all risks increase project duration or cost two times. If project risk score is less than 1, it is an opportunity or cancellation, so due to risk and uncertainties project will cost less or take less time. Also please remember that project can be cancelled. In this case it will also take less time and cost less.
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