Level of Effort Tasks and Cost Risk

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
RiskGuru
Posts: 20
Joined: Sat Nov 26, 2005 9:27 pm
Location: Toronto, ON

Level of Effort Tasks and Cost Risk

Post by RiskGuru »

Is it possible for a task duration to be completely dependent on other tasks. I am trying to create a task called Project Management that runs from the start of another task, to the end of a different task. I have tried to make it do this, but it doesn’t seem to expand the days to fit automatically. And when I apply risk to other tasks I would like it to affect the duration of the project management task.
Intaver Support
Posts: 1008
Joined: Wed Nov 09, 2005 9:55 am

Re: Level of Effort Tasks and Cost Risk

Post by Intaver Support »

This what is called hammock or level of effort (LOE) tasks and our scheduling engine doesn't support it. The reason is that they cannot be driver of uncertainty in a schedule. For schedule risk analysis, best practice is to remove them before importing into RiskyProject.
For cost analysis, if the LOE task have a non trivial costs associated with them. What we recommend is to run two simulations. The first one to generate a range of uncertainty for the tasks that are driving the LOE task and then apply that as an uncertainty to the LOE task.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
Post Reply