User's Guide to

RiskyProject

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Project Risk Management and Decision Analysis

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Project Settings


The Project Settings are where you enter general project information, project deadlines, and set the project calendars. Project settings can be defined by clicking on Main Project Settings from Project menu.


Enter General Project Information
General project information includes:
Project Name
Project Manager
Project Description
Company
Group/Division


This information will be shown on the Project Summary View as well as on reports. The Project Manager name will be used as a default value for risk properties: recorder, contact, and owner. Default values for these parameters are defined in Tools >Options > View tab.
1. On the Project menu, click Main Project Settings
2. Enter in main project information as required.


Project Start Time
Project start time is entered or edited in the Main Project Settings dialog box. Project start time is always deterministic. You change project start date and all project schedules will shift.


Project Calendar
Project calendar is used for scheduling tasks if task or resource calendars are not defined. Default project calendar is Standard.


Project Deadlines
Project Deadlines are entered or edited in the Main Project Settings dialog box. Deadlines affect the results of the probabilistic calculations, but do not affect the results of deterministic current schedule calculation.
  Earliest Project Deadline: if any task is started or finished before this date, the task and the complete project will be marked as canceled for the particular iteration. Start and finish time of the project will be adjusted. If the finish time of the task date is before the earliest project deadline, the task will have zero duration and begin on the earliest project deadline.
  Latest Project Deadline: if any task is started or finished after this date, the task and the complete project will be marked as canceled for the particular iteration. The start and finish time of the project will be adjusted. If the start date of the task is after latest project deadline, the task will have zero duration and begin on the latest project deadline.
  Maximum project duration:: Actual project start time plus maximum project duration is the maximum project finish time. It affects the project schedule the same way as Latest Project Deadline.



When any task within a project reaches the project deadline, the project will be marked as canceled for the particular iteration. However, task duration, start and finish times can vary between the different iterations due to the risks and uncertainties; therefore, tasks can reach the deadline in one iteration, but do not in another. RiskyProject calculates the project success rate based on the number of iterations where the project is successfully completed.
Example:
  Maximum Project Duration is 5 years
  Actual start time is Oct 1,2003
  Projected Finish time is Oct 1, 2009
  Project will be cancelled because Oct 1,2003 + 5 years < Oct 1,2009
Maximum project duration is working time (not calendar time). For example, one-month maximum project duration is 20 working days. It is done to make maximum project duration consistent to duration of any task.


Earliest Project Deadline and Latest Project Deadline are shown as red vertical lines on the Gantt chart. You cannot scroll Gantt charts beyond these dates.

 

If the project is outside of Earliest Project Deadline and Latest Project Deadline, the Monte Carlo simulations will not execute. For example,
Actual Project Start Time: Oct 1,2001
Projected Finish Time: Oct 1,2009
Earliest Project Deadline: Jan 1,2003
Latest Project Deadline: Jan 1,2003
In this example, where the projected the probabilistic calculation will not proceed.


 

See also

Creating a new project

Creating a new calendar


 

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