Project Risk Analysis Software and Project Risk Management Software Forum

While % Work Complete is useful for managing project progress, it is not recommended for schedule risk analysis as this setting will add additional complications to the creation of a valid risk model. The main objective of schedule risk analysis is to forecast probabilities for finish times and dura...

While resource loaded schedules and schedule risk analysis are not incompatible, how you approach a risk analysis depends upon your objectives as resource loading can introduce additional complications. Depending upon your objectives this could mean creating a specific schedule for your risk analysi...

In RiskyProject Enterprise you can attach or link documents to specific risks in the Risk Information > Documents tab. Documents that can be linked to a risk include Google docs. There are 2 methods that you can use to link your Google docs to a risk: directly link to an online document or, creating...

I am assuming you are referring to the Meters on the Project Summary (or Project Information in the Addin). The calculation used is can be seen by clicking the ? on the bottom right corner of the meters. https://www.intaver.com/images/RP_Forum_ScoreMeter.png The raw cost data can be copied from the ...

Short answer is no. I was thinking that they could be flagged in a text column and filtered but our Text columns do not support filtering. Workaround might be to use a Text Column to flag activities that use Risk Bands > Export the Schedule the Excel and apply the filter to the target column (Risk B...

Currently, we don't this capability implemented directly. We do integrate with Excel, but where you can import data is limited to: - import risk register with their properties - import probabilities and impact of risks. Excel import is expandable in that we can link to additional fields, we would re...

In depends on schedule, particularly on number of repeated activities. We tried this algorithm on very many real life schedules. If schedule is relatively small, for example, less than 1000-1500 activities, in our experience reduction will be 5-10%. Some large schedule contain many repeated activiti...

If you have assigned a cost to a mitigation plan and assigned it to a risk this is used only for the post-mitigation calculation and does not affect the simulation results. For example, we create a response plan in the Mitigation/Response view with a Cost of $25000. http://www.intaver.com/images/RP_...

The reason for this for qualitative risk analysis standard 5 x 5 risk matrix works well as you are only "placing" the risk onto the matrix using a simple probability x impact with subjective scores (1,2,3,4,5) or labels (very low, low,.. etc), From this you get a simple score e.g 3*5= 15 and the ris...

Chart defaults for all projects at the same time can be defined in RiskyProject Enterprise. In this case you can setup any portfolio settings, save it in database and these settings will be consistent for all projects.

In most cases, the “Cost of Residual Risk” is the same as the Potential loss. This may sound odd, but mitigation plans normally only lower the probability of risks as this is the most cost efficient. Experience shows that lowering the impacts of a risk often are normally not cost effective. However,...

The most probable cause of this issue is that the “Auto Calculation of Expected Loss” is enabled in the Risk Information > Properties tab. The feature introduced in version 7.1 automatically calculates the expected loss if the risk occurs. The calculation does not include probability. It is useful e...

PERT analysis is different than Monte Carlo simulation. However, using Triangular statistical distribution is analogous distribution when running simulations. While there are several different ways to apply statistical distributions (uncertainty) to activities here is the quickest way: 1. Select eve...

Yes, with the most recent version 7.1, criticality index was added to on the KPIs that can be calculated during Monte Carlo simulations. As calculating the criticality index requires a critical path calculation, critical path calculation must be enabled in the Options > Calculations > Calculate Crit...

The results of the analysis can be exported back to P6 using the XML export. The xml format is in a Microsoft Project format that is supported by P6. Documentation on how to import the MSP xml into p6 can be found here: https://docs.oracle.com/cd/E17266_01/p6help/help/en/helpmain.htm?toc.htm?8010.ht...