Project Risk Analysis Software and Project Risk Management Software Forum

If a risk is assigned to different categories: 20% increase cost and 20% increase duration, is it considered to be alternatives or not?

Short answer is no. Risk alternatives are risk assignments within the same risk category. Take a look at the examples below. In the first the risk has been assigned to schedule and cost categories (Fixed delay an Relative cost increase respectively). We can see in the risk alternative pie chart shows only a single probability. In the second, we have added another risk assignment to the cost category. It is now shown as risk alternative 1 and 2 and this is now reflected in the pie chart.