Project Priorities

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Project Priorities

Post by Col » Wed Mar 16, 2016 12:00 pm

How do project priorities affect results of project portfolio analysis.
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Re: Project Priorities

Post by Intaver Support » Wed Mar 16, 2016 12:05 pm

Project priorities reflect the importance of a project are used in the calculation of each project’s risk score. Priority levels range from 0% - 100%. By default projects have a priority of 100%. When risk scores are calculated . When you analyze risks at the project level the priority does not affect the risk score.

An example would be a risk that has a probability of 50% and impact of 50%. The risk score would be 25%.
However, if we looked a summary project risk register and the project itself had a priority of 50, then it would now be calculated as (.5 *.5*.5) =12.5%

This will be true for all of the risks for that particular project. Their risk scores will be weighted according to the project priority and in the portfolio views the risks scores for Cost, Schedule and other risk will be impacted by the project priority.

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

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