Project Risk Analysis Software and Project Risk Management Software Forum

From looking at the provided files there are a few issues. First, the Rate Increase risk outcome was assigned to all the resources and globally. This double counts the risk so you must remove the global risk assignment. Second, resources that are Material with a cost /use or Cost Type Resource with ...

This what is called hammock or level of effort (LOE) tasks and our scheduling engine doesn't support it. The reason is that they cannot be driver of uncertainty in a schedule. For schedule risk analysis, best practice is to remove them before importing into RiskyProject. For cost analysis, if the LO...

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Here is the explanation with an example I have created a risk register with qualitative assessment. https://www.intaver.com/images/RP_Forum_GlobalRisk.png Now I import an MSP xml file: https://www.intaver.com/images/RP_Forum_GlobalRisk1.png You should see that all of the results are gone. This is be...

You are correct. Unlike Response plans which can be both quantitative and qualitative, mitigation plans are qualitative plans and has no effect on the simulation results. Regardless of whether you have mitigation plans or not, you should be reviewing and updated risk probability and/or impacts on a ...

If this is happening when the risk is assigned to a single task, I suspect that the activity has a resource with a rate associated with it as well. When you have a schedule risk assigned to a task with a resource rate this will also generate "time dependent" costs. Here is how this works. ...

You can also new Risk Information dialog for risk assignments:
- double click on Task ID in any task view
- go to Risks tab
- update risk assignment, alternatives, probabilities, outcome and moment of risk

With deadlines the results will only show that it fails to meet the deadline. It does not compress the schedule as you would like. Typically, schedule compression or acceleration requires a complete rework of the schedule including adding additional resources, more parallel activities. etc as requir...

Calculated probability can vary from the input. But normally not by much. The reason is similar to throwing a dice. At each iteration, the risk has a 15% of occurring, so after 1 iteration, the probability will be 0 or 100%, after 2 0,30, or 100%. After 100 iterations, it could occur 15x (ie 15%) bu...

If you model a schedule risk with resources with rates allocated to the affected tasks. The added costs due to the risk will be part of the analysis. Same as if you apply the risk directly to the resource, however if that resource is assigned to any other tasks, they will be affected as well.

Calculated probability can vary from the input. But normally not by much. The reason is similar to throwing a dice. At each iteration, the risk has a 15% of occurring, so after 1 iteration, the probability will be 0 or 100%, after 2 throws 0,50, or 100%. After 100 iterations, it could occur 15x (ie ...

If you model a schedule risk with resources allocated to the affected tasks. The added costs due to the increased time due the risk will be calculated based on the resource rate and will be part of the analysis. You can also model this by you apply the risk directly to the resource, however if that ...

With deadlines the results will only show that it fails to meet the deadline. It does not compress the schedule as you would like. Typically the schedule compression or acceleration requires a complete rework of the schedule including adding additional resources, more parallel activities. etc as req...

They can do this in the Default Properties view selecting all of the properties, and copy using the shortcut menu. This list can then by pasted into a spreadsheet or document for review.

Best Practice: Setting Sensitivity Coefficient Threshold There is a threshold that can be set for viewing sensitivity results, where any results that do not meet the sensitivity coefficient threshold are not show as way to simplify the analysis of schedules. If you many activities with similar level...