Customizing Uncertainty Bands

This forum includes discussion about project risk analysis and risk management theory: Monte Carlo simulations, Event Chain Methodology, schedule and cost risk analysis. Please submit questions and case studies about your experience with our project risk analysis software.

Moderator: Intaver Support

Post Reply
Ken
Posts: 56
Joined: Wed Nov 09, 2005 9:47 am
Location: California

Customizing Uncertainty Bands

Post by Ken » Tue May 17, 2022 11:23 am

Just downloaded your software and noticed that when I select a task or tasks and right-click to bring up the context menu, a Duration Bands menu appears that appears to calculate duration ranges based on the coefficients. Is it possible to modify these bands and where can I do this?
Ken the PM

Intaver Support
Posts: 950
Joined: Wed Nov 09, 2005 9:55 am

Re: Customizing Uncertainty Bands

Post by Intaver Support » Tue May 17, 2022 11:26 am

You are correct, uncertainty bands to calculate Low, Most Likely, and High durations and costs for activities based on your assessments of the inherent risk that tasks have.
The dialog that allows you to modify the uncertainty bands is located on the Risk tab > Distribution group.

1. Click the Uncertainty Bands icon top open the Uncertainty Bands dialog box.
2. Each row represents a band. Define the Name, Low, Most Likely and High coefficients, color and note for each band.

Note: The Most Likely is used to adjust the base duration of the deterministic schedule. If you do not need to adjust, which is often the case, leave the coefficient as 1.00.

3. Click Using Risk Bands to assign uncertainties to groups of activities

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

Post Reply