RiskyProject Version 7.1 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 Version 7.1 is released

Post by Intaver Support »

RiskyProject 7.1 is releaed. Here are the new Features of RiskyProject 7.1:

1. Import Schedules from Oracle Primavera XER file: read schedules from Oracle Primavera saved in XER format. Previous versions of RiskyProject were limited to opening P6 schedules that were in MS Project XML or MPX formats supported by Oracle Primavera.

2. Incident Management in RiskyProject Enterprise: Incident management is implemented similar to risk management, but presented in a different views and workflow and has separate reports based on incident properties. For more information about Incidents, please see the RiskyProject Enterprise User Guide.

3. Uncertainty Bands: predefined ranges of coefficients used to automatically calculate values for low and high durations and fixed costs for the selected tasks. Tasks that have similar relative ranges of uncertainty are assigned different shading for quick identification on Project views. Uncertainty bands include an interface that allows users to easily assign bands to selected tasks.

4. Project Schedule Diagnostics: performs detailed analysis of project schedule integrity, including DCMA 14 point schedule assessment. Diagnostic includes customizable set of 21 tests, which checks schedules for logical errors, ensures that it is aligned with best practices, and can be used for Monte Carlo simulations.

5. Risk Assignment View: list of assignment of all risks to different tasks and resources. The view allows you to re-assign risks to different tasks and resources, define correlations, and create a report of risk assignments. Includes both global and local risks.

6. Critical Path Calculation: calculate critical path, determine critical tasks, and calculate critical path metrics, such as the Criticality index as part of both deterministic calculations and Monte Carlo simulations.

7. Improved Risk Report: risk report now includes reviews and has improved formatting.

8. Export Data to Excel: export any data tables directly to Microsoft Excel and automatically launch Excel. Includes an option to format the Excel report.

9. Actual Work: in addition to entering actual duration and cost for the tasks, it is now possible to define actual work. Actual work will be used in both deterministic and probabilistic calculations.

10. Automatic Calculation of the Cost of Risk: RiskyProject now can automatically calculate the Expected Loss of each risk based on results of Monte Carlo simulations. It is done using correlation between project cost and cost increase due to impacts of specific risks.

11. Improved Filtering and Sorting of the Risk Register: Excel-style filtering and sorting of the Risk Register based on content of each column.

12. Different Views of the Risk Register: you can now create different views of the same risk register with a different set of columns filtered and sorted in different orders. These views are presented as different tabs in Risk Register.

13. Schedule Consolidation: generate equivalent project schedule with the same duration and cost by consolidating sequential tasks, removing redundant summary tasks, and other optimizations. Schedule consolidation is useful to increase performance of Monte Carlo simulations of very large schedules.

14. Scenario Analysis using Multiple Cumulative Probability Plots: you can now view multiple cumulative probability plots of task or project duration, cost, and finish time. These plots are associated with results of Monte Carlo simulations of different baselines. By viewing multiple cumulative probability plots, you can compare uncertainties in different project scenarios.

15. Improved User Interface: RiskyProject usability has undergone multiple improvements, including introduction of Microsoft Office 2016 and later UI conventions. In addition, the Risk Register usability has been improved by introducing advanced customization of column headers.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
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