User's Guide to  


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Project Risk Management and Decision Analysis 

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Introduction to RiskyProject 

What is RiskyProject? 
What’s New in RiskyProject 3

Non-schedule risks and user-defined risks outcomes 
Risk register and issue management 
Improved integration with Microsoft® Project and other project management applications 
Event chain diagrams and improved risk assignment interfaces 
Risk Matrix
Cash Flow Analysis
Probabilistic Work Management 
Multiple Baselines 
Probabilistic Calendars 
Setting low/high cost and duration for a group of tasks 
Showing results for a specific percentile 
Improved Probabilistic and Conditional Branching
Improved Interface

Chapter 1: Managing Projects 

Setting up your projects 

RiskyProject for Microsoft Project
Setting up your project defaults 

Setting up viewing defaults

Setting up duration defaults

Setting up calendar defaults

Setting up project units 
Setting up calculation options 

Setting up cost defaults

Setting up risk defaults

Setting up project management tool integration

Setting up calendars 

About Calendars in RiskyProject

Base calendars

Creating a Base Calendar

Project Calendars

Resource calendars

Task calendars

Defining working time

Creating a new calendar

Probabilistic Calendars

Creating Projects 

Creating a new project

Importing Project Schedules

Importing data from other project management software and keeping risk assignment

Project Settings

General Project Information 
Project Start Time 
Project Calendar 
Project Deadlines 
Entering main project information 

Project Tasks

Task Links

Predecessors and Lags



Task Deadlines

Advanced Task Management

Managing Resources and Work

Cost Rate Tables

Managing Costs 

Cost, Income, and Revenue Calculations in RiskyProject

Variable and Fixed Costs and Income

Chapter 2: Managing Risks and Uncertainties 

Managing Risk Categories and Outcomes

Non-schedule Risk Categories and Outcomes

Adding risk categories

Adding risk outcomes

Risk Weighting

Managing Default Risk Properties

Editing the default risk properties

Adding risk properties

Filtering and sorting risks

Saving and loading the Risk Register

Risks and the Risk Register 

Risks in RiskyProject

Risk Register

Opening and closing risks

Enabling and disabling risks

Risks and Issues

Threats and Opportunities

Managing Risk Assignments

Assigning local and global risks

Risk Assignments on the Gantt Chart

Risk Correlations

How correlated risks are calculated

Correlating risks

Risk Templates

Managing Uncertainties

Adding 3-point estimates

Defining task distributions

Distributions for 3-point estimates

Input Distribution Chart

Distribution Fitting using Stat::Fit

Assigning Low and High Estimates for Duration and Cost for Group of Tasks

Chapter 3: Analyzing Project Results 


Ranking non-schedule risks

Analyzing Results 

Project Summary

Results Gantt Chart

Task Simulation Results

Resource Allocation

Analyzing Cost and Revenue

Cash Flow Analysis

Cash Flow results

Sensitivity Analysis

Viewing the Tornado Chart

Risk Matrix

Risk Chart

Analyzing the Risk Chart

Crucial Tasks Chart

Success Rate Chart


Chapter 4: Monitoring Projects 


Tracking Performance

Calculating and Reassessing tasks using tracking data

Tracking Results

Viewing Tracking Data

Tracking Gantt Chart

Chapter 5: Reporting Project Results 

RiskyProject Reports 

Images and Pictures 

Exporting Projects 

Launching external applications 

Chapter 6: Advanced Project Risk Management 

Analyzing Risk Mitigation Efforts with Multiple Baselines 

Probabilities, impacts, and scores for multiple baselines

Risk Mitigation and Response Plans

Creating a baseline

Setting the current baseline

Converting a baseline to a current schedule

Viewing multiple baselines

Comparing pre and post-mitigation baselines

Assigning a mitigation or risk response plan to a task

Probabilistic and Conditional Branching

Waterfall Diagrams

Decision Trees

Working with WelcomRisk

Chapter 7: Working with RiskyProject 

RiskyProject Interface 

Application Look 
Formatting Gantt Bars 
RiskyProject Data Sheets 

Additional Information 

Frequently Asked Questions 


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