Search found 992 matches
- Sun Jun 06, 2021 12:45 pm
- Forum: Project Portfolio Risk Management
- Topic: Schedule Reports that show Uncertainty Bands.
- Replies: 2
- Views: 12914
Re: Schedule Reports that show Uncertainty Bands.
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...
- Sun Jun 06, 2021 12:39 pm
- Forum: RiskyProject: Project risk management and risk analysis software
- Topic: Importing Costs from Excel
- Replies: 1
- Views: 12983
Re: Importing Costs from Excel
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...
- Tue May 04, 2021 9:24 pm
- Forum: Project Portfolio Risk Management
- Topic: Analyzing mega schedules
- Replies: 2
- Views: 25046
Re: Analyzing mega schedules
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...
- Tue May 04, 2021 9:16 pm
- Forum: Project Risk Analysis and Project Risk Management Theory
- Topic: Calculating the Cost of Residual Risk
- Replies: 3
- Views: 16328
Re: Calculating the Cost of Residual Risk
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_...
- Tue May 04, 2021 9:10 pm
- Forum: RiskyProject: Project risk management and risk analysis software
- Topic: Configuring Risk Matrix for Quantitative Risk Analysis
- Replies: 1
- Views: 12618
Re: Configuring Risk Matrix for Quantitative Risk Analysis
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...
- Tue Mar 23, 2021 1:00 pm
- Forum: RiskyProject Project Risk Analysis Software Issues
- Topic: Setting Chart defaults
- Replies: 2
- Views: 17915
Re: Setting Chart defaults
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.
- Tue Mar 23, 2021 12:55 pm
- Forum: Project Risk Analysis and Project Risk Management Theory
- Topic: Calculating the Cost of Residual Risk
- Replies: 3
- Views: 16328
Re: Calculating the Cost of Residual Risk
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,...
- Tue Mar 23, 2021 12:51 pm
- Forum: Project Portfolio Risk Management
- Topic: Cost Before Mitigation Property
- Replies: 1
- Views: 12988
Re: Cost Before Mitigation Property
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...
- Thu Feb 25, 2021 1:51 pm
- Forum: RiskyProject Project Risk Analysis Software Issues
- Topic: Applying level of uncertainty using PERT to entire project
- Replies: 1
- Views: 13278
Re: Applying level of uncertainty using PERT to entire project
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...
- Thu Feb 25, 2021 1:43 pm
- Forum: RiskyProject Project Risk Analysis Software Issues
- Topic: Criticality Index
- Replies: 2
- Views: 14118
Re: Criticality Index
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...
- Thu Feb 25, 2021 1:39 pm
- Forum: RiskyProject: Project risk management and risk analysis software
- Topic: Exporting results of analysis to P6
- Replies: 1
- Views: 15159
Re: Exporting results of analysis to P6
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...
- Sun Jan 17, 2021 9:19 pm
- Forum: Project Risk Analysis and Project Risk Management Theory
- Topic: I'm running 1000 simulations for project in my project schedule
- Replies: 1
- Views: 13306
Re: I'm running 1000 simulations for project in my project schedule
It depends on schedule. In most real life projects 600 - 800 iterations will give very accurate results. Remember that accuracy of analysis should correspond with accuracy of input data. Input probability and outcome of risks as well as uncertainties, defined by statistical distribution of task dura...
- Sun Jan 17, 2021 9:05 pm
- Forum: RiskyProject: Project risk management and risk analysis software
- Topic: Assigning Uncertainty to Entire Project
- Replies: 1
- Views: 13654
Re: Assigning Uncertainty to Entire Project
Here is the easiest way to assign uncertainties to entire project: 1. Select every task – Click on first task ID and drag down. 2. Right-click on a Task ID to open the shortcut menu. 3. Click on Set Low/High Duration. 4. Enter in the coefficients and select the Statistical Distribution and click OK....
- Sun Jan 17, 2021 8:57 pm
- Forum: RiskyProject Project Risk Analysis Software Issues
- Topic: Schedule Consolidation to optimize large schedules for analysis
- Replies: 1
- Views: 12940
Re: Schedule Consolidation to optimize large schedules for analysis
Schedule Consolidation is a feature included with the release of version 7.1 and is used to create a “consolidated schedule” that is an equivalent project schedule with equal cost and duration and cost but with less activities and therefore can decrease time required to run an analysis. Consolidatio...
- Sun Dec 13, 2020 1:46 pm
- Forum: RiskyProject Project Risk Analysis Software Issues
- Topic: RiskyProject icons in the status bar
- Replies: 1
- Views: 14090
Re: RiskyProject icons in the status bar
When you try to open file, save file, export, import information, open or save RiskyProject templates, or perform any other operations with files in RiskyProject, RiskyProject launches a separate application called RiskyProjectOpen.exe. This application gets file path and reports it to RiskyProject....