Cumulative Probability Plot

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.

Moderator: Intaver Support

Post Reply
Nathan
Posts: 19
Joined: Fri Apr 09, 2010 7:33 pm
Location: Brussels
Contact:

Cumulative Probability Plot

Post by Nathan » Tue Jun 23, 2020 3:03 pm

Can the software do a probability analysis for varying probabilities (i.e. P20, P50, P80 etc on the same program).

Intaver Support
Posts: 921
Joined: Wed Nov 09, 2005 9:55 am

Re: Cumulative Probability for present target dates and progress

Post by Intaver Support » Tue Jun 23, 2020 3:06 pm

One of the main outputs of a Monte Carlo simulation are Cumulative Probability Plots where are S curves that plot percentiles on the right y axis. In the example below we can see how the varying percentiles for finish time can be presented using cumulative probability plots.

Image
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

Post Reply