RISKY PROJECT
LITE: INTRODUCTION TO PROJECT RISK ANALYSIS
Project
Planning
Quantitative
Risk Analysis
Project
Performance Measurement
Here are some of RiskyProject clients:
System
Requirements
Pentium 500 MHz or greater
Windows
2000 or higher
128 MB RAM or more
20 MB hard drive space
monitor resolution 800x600
CD-ROM drive
RiskyProject
is Windows-based project risk management software. However baseline
project schedule as well as results of the analysis can be easy
published on Web using Project Reporter by CoGenTex.
System
Requirements for Web Project Reporter:
Microsoft Internet Explorer,
version 6 or later (Windows, Unix/Linux, MacOS)
Netscape Navigator, version 5 or later (Windows only)
Opera, version 7 or later (Windows; not tested on other platforms)
Download your 30 day trial
version of RiskyProject Lite now
RiskyProject Lite
is project management software with integrated risk analysis.
RiskyProject allows project managers to perform project planning, scheduling,
quantitative risk analysis, and performance measurement of projects with
multiple risks and uncertainties.
RiskyProject Lite is designed for project managers without advanced knowledge of
risk analysis theory. With it, you can create a project schedule or import it
from Microsoft® Project, Primavera,
FastTrack, Project
KickStart, TurboProject,
Sciforma PS8 or other project management applications. Once you have your schedule, just
create a risk list and calculate to determine your risk profile. RiskyProject
Lite will determine how risks and uncertainties will affect project schedule.
RiskyProject
is built around its own scheduling system. You can define task
parameters, relationships between them, constraints, resources,
and cost without using Microsoft®
Project, Primavera® or any other scheduling software. However, if you
already a user of Project, Primavera, or other
project management software, you can seamlessly open project,
created by these software and augment existing data by assigning
uncertainties to your tasks and projects.
RiskyProject Lite = Project Schedule + Risks and Uncertainties
RiskyProject
Lite allows you to calculate project schedules, which account for
risks and uncertainties. You can define different risks at the
project level and for each separate task or resource. Each risk
is defined by its chance of occurrence, outcome (increase
duration, cost, cancel task, etc.) and time of occurrence.
You
can define uncertainties as ranges for duration, task start and
finish times, lag, and cost.
RiskyProject
Lite does not require you to define input distributions
for uncertainties in duration, cost, etc. Also RiskyProject Lite
does not output distributions associated with results of
probabilistic analysis. All complex statistical calculations are
hidden. As a result RiskyProject Lite can be used by project
managers without experience in statistics and risk analysis.
Project Dashboard 3x3 is an easy way to view results of
analysis: three main project parameters (cost, duration, finish
time) with and without risk; three most crucial tasks, three
most critical risks.
RiskyProject performs earned value analysis based on baseline project schedule and project schedule with risks and uncertainties (results of analysis). RiskyProject allows you to specify or calculate actual cost for each task. Actual cost, budgeted cost, and cost as a result of analysis (with risks and uncertainties) are displayed using interactive cash flow diagrams. You can determine difference between actual and budgeted cost on the each stage of the project.
Optimistic (low) and pessimistic (high) project schedule can
be displayed separately on Result Gantt chart. It gives you an
opportunity to analyze different project scenarios.
WBS Chart Pro and PERT Chart Expert are
used to present and modify project schedules in two different
graphic formats. This software has been developed by Critical
Tools. Both of these applications can be launched from the
toolbar or from the menu.
Because
real-life data is sometimes the only way to assess your
uncertainties correctly, tracking is one of the most important
components of RiskyProject. To track a task, you enter the
percentage of the task done on the particular date. RiskyProject
then calculates the projected task duration and updates the risk
profile of the task. The project schedule is recalculated to
give you a more accurate estimate of total cost, project finish
time, and duration.
RiskyProject Lite can publish original (baseline)
project schedules, as well as the results of analysis on the Web
using Project Reporter from CoGenTex.
The portfolio of all published projects can be presented and
analyzed on the web.This
helps to present your results to the team members or to do a
risked vs. unrisked analysis of projects within a portfolio.
RiskyProject allows
you setup task deadlines and assign
different actions to them. For example, tasks can be
canceled if the task or reaches the deadline. In
this case, the success rate of the task (chance the
project or task will be completed) is reduced.
RiskyProject professional features advanced risk analysis
functionalities: project planning, scheduling, quantitative risk
analysis, and project performance measurement. RiskyProject Lite has
the same project scheduling and performance measurement
functionalities, but it includes only basic quantitative risk analysis
functionalities.
Risky
Project Features
RiskyProject
Lite
RiskyProject
Professional
Scheduling engine (Gantt chart,
Resources, Costs)
Project, task, and resource risks:
delay, restart start, end task, cancel task, increase cost,
etc.
Uncertainties in duration, start
and finish times and costs
solutions