What is RiskyProject?

RiskyProject is advanced project management software with integrated risk analysis. Most projects contain many uncertain parameters: task duration, start and finish times, uncertainties in costs and resources, and others. . RiskyProject analyzes the project schedule the timing and sequence of task within a project. A schedule contains tasks with dependencies, as well as other project information. with risks and uncertainties, calculates the chance that project will be completed within a given period of time and budget, and presents the user with results in formats that are easy to read and understand.

RiskyProject employs Event Chain Methodology A method of defining and analyzing uncertainties in time related business and technological processes. According to this methodology, most uncertainties are driven by stochastic events or risks. Single events can precipitate other events and create event chains. RiskyProject implements this methodology for project management problems. to analyze project uncertainties defined by multiple risks (events). An example of event would be a task delay due to the changes in requirements. In many cases, one event can cause another event or multiple events, which significantly affect the project schedule. RiskyProject recalculates project schedule multiple times to computes distribution of possible outcomes and probabilities of getting the results.

RiskyProject is beneficial for managers of small teams who do not want to concentrate on complex statistical analysis. RiskyProject allows managers to quickly and simply analyze a complex project schedule with multiple tasks and dependences. It is an easy to use system with an intuitive interface, which hides its advanced mathematical calculations, and helps managers to make informed decisions. RiskyProject can be useful for managers of research and development projects, including software development managers, who run projects with multiple uncertainties using an iterative development process. In fact, accepted project management best practices and processes emphasize the importance of iterative development and risk tracking, the cornerstone of the RiskyProject workflow.

RiskyProject can be useful for project managers in many industries, including:

information technology;
engineering and construction;
manufacturing;
agriculture;
pharmaceutical;
petroleum and mining; and,
many others.