Project Priorities

This forum focus on project portfolio risk management theory and RiskyProject Enterprise software. Submit any questions about enterprise risk management, and qualitative / quantitative risk analysis for multiple projects

Moderator: Intaver Support

Col
Posts: 11
Joined: Fri Mar 09, 2007 7:58 am
Location: Orlando, FL

Project Priorities

Postby Col » Wed Mar 16, 2016 11:00 am

How do project priorities affect results of project portfolio analysis.
Business Development Manager

Intaver Support
Posts: 725
Joined: Wed Nov 09, 2005 9:55 am

Re: Project Priorities

Postby Intaver Support » Wed Mar 16, 2016 11:05 am

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.

Image
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com


Return to “Project Portfolio Risk Management”

Who is online

Users browsing this forum: No registered users and 1 guest