RiskyProject 7.2 is released

General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.

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RiskyProject 7.2 is released

Post by Intaver Support » Wed May 04, 2022 12:09 pm

Intaver Institute released new version of RiskyProject software. RiskyProject 7.2 is a major release which includes the following new features:

1. New Risk Dashboard: present hundreds of different key performance indicators (KPIs) and charts related to your risks with a fully customizable Risk Dashboard. Dashboards can present data in a variety of ways including charts - line, area, pie, scatter, bar (including frequency histogram), meters, and risk matrixes. You can place them in different areas on the dashboard, and adjust their size, colors, and other properties. Dashboards can be annotated using text, lines, and images. Dashboards can be printed or exported.

2. Re-Designed Project Dashboard: The Project Dashboard is a now a customizable view and includes information about projects including results of Monte Carlo simulation, multiple KPIs and charts.

3. Risk Form: a fully customizable form to enter risk properties, as well risk probabilities and impacts. You can create any risk properties or select them from the list of predefined properties. Then you can drop them on the form. The form can be annotated with lines and text. Once you design a form it can be used for all future projects.

4. Inserting Subprojects with Results of Simulations: you can now create a Summary or Master project schedule using the simulation results of subprojects. In these summary projects, the results of one or more subprojects (statistical results of a Monte Carlo simulation) are inserted as a task(s). This process allows you to analyze the results of projects and also use these analyses, as part of a larger summary project. This significantly reduces the calculation time and helps to simplify the management of large projects or programs.

5. Using Empirical Data: if you have empirical data for task duration and cost in Excel or text format, you can use it to generate a custom statistical distribution. You can import results of analysis, performed by other software or use project control data from similar projects or activities.

6. Risk Mitigation Workflow Improvements:
A. Mitigation plans can now be linked to tasks or a group of tasks within a project schedule. This linking will read the schedule data into the mitigation plan to calculate costs and planned finish and actuals. You can now manage groups of tasks as mitigation activities. Also, mitigation plans can now have multiple custom fields, which you can use as mitigation plan properties.
B. Mitigation burndown structure. New Mitigation Assignment View helps define and edit mitigation plan assignment to different risks in one view. It shows how risk probability and impact will reduce over time due to mitigation efforts. Mitigation plan assignment now includes information of risk probabilities and impacts for individual categories, such as schedule, cost, technology, etc. In Mitigation Plan Assignment View you can view and modify dates, description, and probabilities and impacts associated with different mitigation steps for all risks.
C. Import of risk mitigation data from Excel: in addition to importing Risks Register from Excel, you can now import mitigation plans and as well regular mitigation status update information from Excel. Mapping to Excel fields and RiskyProject properties can be saved for importing of different Excel file with similar structure.

7. Most Likely Duration and Fixed Cost: define most likely values for duration and fixed cost. While base duration and fixed cost are deterministic values from original project schedule, most likely duration and fixed cost are distribution parameters. Most likely values are now used in uncertainty bands.

8. Low and High Cost Results Charts: present low and high results in the Cost Analysis chart.

9. Schedule Data Import and Filtering: filter list of tasks or resources based on certain condition. It helps in managing large schedule. Also you can import more data fields from Microsoft Project and Primavera.

10. Multiple Risk Response Plans: define any number of risk response plans assigned to one risk.

11. Improved Beta Pert Distribution: The new algorithm better represents uncertainties in the low and high boundaries of the distribution.

12. Improved User Interface: Usability has undergone multiple improvements, including introduction of new RiskyProject workflow bar. A number of dialog boxes that have been re-designed for better usability. This also includes a new Risk Trend view and improvements to other views.

13. Improved Calculation and Data Presentation Performance: Monte Carlo simulation performance and refresh rate of views, charts, and diagrams has been enhanced.

For more information please visit:
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject

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