Project Confidence levels

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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Project Confidence levels

Post by Rtgorwer » Thu Mar 23, 2017 1:26 pm

Does riskyproject calculate confidence level for the project?

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Re: Project Confidence levels

Post by Intaver Support » Thu Mar 23, 2017 1:52 pm

Yes, with Monte Carlo simulation, RiskyProject calculates confidence levels for start time, finish time, duration, work, and costs. All of these are shown in the Project Summary View.


In the Project Summary, Low and High results are confidence levels (or percentiles) that are set in the Project Options > Calculations tab. In the example below, the Low and High confidence levels shown on the Project Summary are set to p30 and P80.


If you double-click on any of the Project Summary Charts, this will open a detailed chart that includes a Percentiles tab that shows the Project’s range of confidence levels for the particular parameter (e.g.Finish Time)

Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject

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