Search found 17 matches

by bbadmin
Sun Apr 14, 2019 12:11 pm
Forum: Project Portfolio Risk Management
Topic: Generating Risk IDS automatically
Replies: 2
Views: 905

Re: Generating Risk IDS automatically

We recommend to use very simple risk id, but include prefix associated with group/division or type of risk. For example, AC0024 will be for accounting and IT00778 will be for IT group.
by bbadmin
Sun Apr 14, 2019 12:06 pm
Forum: RiskyProject Project Risk Analysis Software Issues
Topic: Latin Hypercube
Replies: 1
Views: 33

Re: Latin Hypercube

No. Latin Hypercube is a sampling technique for Monte Carlo simulations. In many cases, this greatly decreases the time required to run a simulation. RiskyProject incorporates several proprietary algorithms to optimize the risk model and Monte Carlo, which mirrors the performance increases of Latin ...
by bbadmin
Sun Apr 14, 2019 12:00 pm
Forum: Project Risk Analysis and Project Risk Management Theory
Topic: Conditional vs Probabilistic Branching
Replies: 1
Views: 36

Re: Conditional vs Probabilistic Branching

Conditional and Probabilistic branching allow you to model the impact of different types scenarios that could occur during the execution of a project Probabilistic branching models how different activities will be executed probabilistically once a common successor activity is completed. A common use...
by bbadmin
Tue Jun 26, 2018 3:18 pm
Forum: Project Portfolio Risk Management
Topic: Does RiskyProject have contingency planning?
Replies: 1
Views: 1161

Re: Does RiskyProject have contingency planning?

In RiskyProject, risks can be managed using two processes. The first is a mitigation plan which is one or more activities that will occur before period in which a risk could occur to minimize either the impact or probability of the risk occurring. Mitigation plans are generally created as assigned t...
by bbadmin
Tue Jun 26, 2018 3:13 pm
Forum: Project Risk Analysis and Project Risk Management Theory
Topic: Differences between resource types
Replies: 2
Views: 1175

Re: Differences between resource types

Resource costs are used to differentiate the types of costs that can accrue to an activity based on the type of resource that is being consumed. If the resource costs is a rate ($/time unit) it can be used to model time dependent costs. Work costs are the cost for personnel based upon a rate (hourly...
by bbadmin
Tue Apr 17, 2018 9:56 am
Forum: RiskyProject: Project risk management and risk analysis software
Topic: Automatic Upgrades
Replies: 1
Views: 887

Re: Automatic Upgrades

No. Any updates or upgrades require that the software be uninstalled and reinstalled. Whenever, a commercial update or new version are available, we do sent out notices that the update can be downloaded from our site.
by bbadmin
Tue Apr 17, 2018 9:54 am
Forum: Project Portfolio Risk Management
Topic: Shared Enterprise Resources
Replies: 1
Views: 896

Re: Shared Enterprise Resources

No, while RiskyProject has defined set of users, there is no global resource pool that can be shared across projects. If you are sharing resources and risk or issues regarding availability of the resources, we suggest you assign a risk to the resource that indicates that there may delay due to avail...
by bbadmin
Thu Feb 22, 2018 3:54 pm
Forum: RiskyProject: Project risk management and risk analysis software
Topic: Exporting schedule
Replies: 1
Views: 940

Re: Exporting schedule

Project schedules are exported using the MSP xml format which is supported by Microsoft Project (2010 and later), P6, and most other 3rd party scheduling software. As part of the export process, you can define whether you would like to export the deterministic schedule or the results of the simulati...
by bbadmin
Tue Feb 13, 2018 1:05 pm
Forum: RiskyProject: Project risk management and risk analysis software
Topic: Results of Cashflow for specified period
Replies: 1
Views: 987

Re: Results of Cashflow for specified period

Yes, you can see the simulation results for each period in the Cash Flow view. Double-click on the period that you want to view and the simulation results will appear. Periods are set using the Periodicity drop-down list.

Image
by bbadmin
Tue Feb 13, 2018 1:01 pm
Forum: Project Portfolio Risk Management
Topic: IRR calculation
Replies: 1
Views: 1004

Re: IRR calculation

IRR provides a rate (%) of expected return based on the difference between the present value of income and the present value of project costs over the life of the project or a period of time. Net present value uses a discount rate, which generally represents the cost of borrowing (interest) to calcu...
by bbadmin
Sun Jan 07, 2018 12:04 pm
Forum: RiskyProject: Project risk management and risk analysis software
Topic: Work histogram
Replies: 1
Views: 999

Re: Work histogram

To see probability distribution of work for assigned resources you need to double click on task ID. Task information dialog will come up. Click on Resource tab and then right click on resource assignment ID. In pop up menu you select “Simulation Results”. You can view cumulative probability plot, fr...
by bbadmin
Thu Nov 16, 2017 4:27 pm
Forum: RiskyProject Project Risk Analysis Software Issues
Topic: Risk mitigation plans and risk scores
Replies: 1
Views: 1040

Re: Risk mitigation plans and risk scores

Yes, mitigation plans are only plans and do not affect the calculation. The Pre-mitigation score reflects the current risk model without mitigation efforts. Mitigation plans are a reflection of what the outcome of certain mitigation activities will have on the risk, but these actions may or may not ...
by bbadmin
Fri May 05, 2017 4:00 pm
Forum: RiskyProject Project Risk Analysis Software Issues
Topic: Importing baselines from MS Project
Replies: 1
Views: 1423

Re: Importing baselines from MS Project

No, RiskyProject can only import the baseline that is loaded into the project views at the time of the import. So there is no option during the transfer of Project data to RiskyProject to select a specific baseline that is not currently loaded into Microsoft Project.
by bbadmin
Fri May 05, 2017 3:57 pm
Forum: Project Risk Analysis and Project Risk Management Theory
Topic: Continuous vs Discrete Distributions
Replies: 1
Views: 1906

Re: Continuous vs Discrete Distributions

A continuous distribution is when the a variable can be equal to any value between two defined variables. For example if we have a continuous distribution for duration that is between 5 and 10 days, then Monte Carlo simulation can randomly generate any value between 5-10. Discrete distributions are ...
by bbadmin
Tue Apr 25, 2017 5:15 pm
Forum: Project Portfolio Risk Management
Topic: Cost Type Resources
Replies: 1
Views: 1687

Re: Cost Type Resources

Yes, Cost type resources can be read in from MS Project as well, can be created in RiskyProject. To assign a cost type resource to a task. Open the Resources view in RiskProject. Type in the source name and select Cost as the type. http://www.intaver.com/images/RP_Forum_CostResource.png Open the Pro...