Project Risk Analysis Software and Project Risk Management Software Forum

The “ Risk assignments to different tasks are correlated option” is located in the Project > Risk tab. So how does it work and why should you use it? Risks can be assigned to one or more tasks and resources. In the underlying risk model, each assignment is considered its own risk event. When the ris...

During a simulation the chance the risk can occur either as a function of the duration of a task or the duration unit in which the task is measured. For example a task can be 10 days in length. The chance that a risk will occur could apply to the 10 duration, or it could be that the risk could have ...

When you load your project into RiskyProject or make changes to it, RiskyProject monitors various parameters to determine the amount of time it would take to run a simulation. This includes the number or tasks, resources, and risk assignment, as well as the computer resources available which include...

Task deadlines can affect the results of simulations based upon how they are set up in the Task Information > Deadlines. You have three options for task deadlines: No Actions: A deadline arrow will appear on Gantt chart for all views, but the deadline has not affect on the results. This option is us...

The Project Name, Manager, Description etc. are all set in the Project Settings dialog box. I am unsure how you copied the risk register from one file to another, because it should not overwrite anything in the schedule itself as the risk register data doesn’t impact the schedule, it would only over...

StatFit is a 3rd party software tool that RiskyProject integrates with to that allows users to generate custom distributions to “fit” statistical data. So if you have run a particular activity x number of times and have the results, you can use Stat Fit to create or fit your data to a statistical di...

Actually, these distributions are realistic and not outliers. When you use risk events you don’t normally get the smooth distributions that you get when using statistical distributions with 3 point estimate. Depending upon how they are modeled and the number of risks they can be described as a multi...

In quantitative analysis, the impact is a calculated value based on how it effects different project parameters such as schedule, finish time, cost etc and is not equal to the input impacts. The underlying methodology used for calculating both impact and scores is based on sensitivity analysis using...

When enabled legends appear on the bottom of the software interface and provide brief hints or tips about the various items that you can see on the screen and how to interact with them. In the Project Summary view, the legend is located directly below the charts and provides tips about how you can i...

Normally when we defined risk events, we use probability and impacts. How likely is it to occur and what will happen if it does occur. However, risk events can also be defined by a 3rd parameter and that is if they do occur, when during a project will they occur. Got global or large tasks this param...

In statistics, statistical distribution and probability density (PDF) functions describe the same thing and can be considered interchangeable. PDFs mathematically describe the probability that an outcome will occur over a range of possible outcomes. In the example below, we have a triangular distrib...

There is a Find feature in RiskyProject located on the Schedules tab of the Ribbon. To find activites that meet specific criteria, open the Find dialog box by click the binoculars icon in the Schedule>Zoom and Find group. The Find dialog box opens. The find dialog box allows you to search all data b...

There are two reasons why activities will be set to Must start on when you import them into RiskyProject. The first is when the projects are in progress and have been statused. In these tasks, their start time is fixed, so when they are imported into RiskyProject, they are read as “Must start on”. T...

Task success rates are impacted by several different factors. The first is task deadlines. In this case the success rate is a function of how often a task does not exceed a task deadline. In the Task Information > Deadlines tab you can set deadlines for tasks. Tasks deadlines can have 3 outcomes if ...

Yes, if your project has a last finish time deadline, which is set in the Project Settings, you can view which activities have the most effect on your success rate of meeting the deadline. To see which activities these are on the ribbon, click Analysis > All Views > Sensitivity Analysis In the Sensi...