Project Risk Analysis Software and Project Risk Management Software Forum

Because you are looking at probabilities for the project as a whole, the two activities that are at the end of each branch are not needed. We want to interpret what happens to the last activity, not the results of the two branches individually because they will have unrealistic results by themselves...

To quickly change the distribution type, you can use the Set Low/High Duration dialog box. This dialog only updates those values that have been modified in the dialog box. For example if you only change the statistical distribution, no other task data will be modified. To modify the statistical dist...

he possible impact of risks are rarely isolated to a particular project. While the impacts of financial, resources, suppliers, etc can be assessed at the project level, the same risks often have impacts across multiple projects and programs. This poses several questions. What is the cumulative impac...

Schedule diagnostics is a detailed analysis of project schedule and includes DCMA 14 points risk assignment. Using Schedule diagnostic tool you can: 1. Find issues with your project schedule, which would affect results of risk analysis as well as affect integrity and quality of the schedule. RiskyPr...

There are a number of way to print risk assignment report: 1. Using Risk Assignment View under Risks. This view will be available if you have project schedule. In this view you can see all tasks with associated risk assignments. You can go to File -> Print or File -> Export to Excel to print or expo...

The RiskyProject MSP Addin does not include the schedule consolidation feature. You must import the schedule into the RiskyProject Professional desktop either using the Addin or as an xml file to run the consolidation.

Risks should be applied after consolidation has been performed. If a risk is applied to a single activity prior to consolidation, it will be assigned with the same probability and impacts to a consolidated task and which may not be optimal.

You are looking at the "Moment of Risk", not risk outcomes. The confusion arises because “Statistical Distribution for Risk Outcomes” has not been enable and so you only see a single outcome field rather than Low, First thing you need to do is ensure that the "Enable Statistical Distribution for ris...

Here is another important note. Some our clients ask us if Excel spreadsheet needs to be formatted any specific way to be imported to RiskyProject. The only requirement is Risk Register spreadsheet will need to have each risk as a row and risk properties, including risk names, probability and impact...

RiskyProject versions are always backwards compatible, but they are not forwards compatible. In practical terms what does this mean. You can open files from older versions, in newer versions (backwards compatibility); however, because the new versions are not just an update, but are new software wit...

If you are not using resources as part of your cost calculations then it is straight forward. As activities are completed, you can update cost either in your management schedule or in RiskyProject in the Income and Cost view. On the other hand, if you are using a resource loaded schedule to calculat...

Microsoft Project implements one the Quantitative Risk Analysis technique PERT (Program Evaluation and Review Technique). The PERT model was developed in 1950s to address uncertainty in the estimation of project parameters. According to classic PERT, expected task duration is calculated as the weigh...

The Cost vs Duration Scatter Plot uses a slider to set the P-value for schedule (Cost or Finish Times) and the resulting chance of meeting Cost and Schedule at the selected percentile.

We don't have working weeks exceptions in our calendars in RiskyProject. This would significantly slow Monte Carlo simulations. So all working weeks are the same. We can do exceptions based on individual days and day of week. It is probably possible to use individual day exception and replicate it f...

While % Work Complete is useful for managing project progress, it is not recommended for schedule risk analysis as this setting will add additional complications to the creation of a valid risk model. The main objective of schedule risk analysis is to forecast probabilities for finish times and dura...