Cost/Benefit Analysis

General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.

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DavidB
Posts: 15
Joined: Thu Nov 24, 2005 3:44 pm
Location: Denver, CO

Cost/Benefit Analysis

Post by DavidB » Sat Nov 26, 2005 11:40 am

We need to perform cost/benefit analysis that takes into account the project's risk and alternatives. How RiskyProject can help me?
David B

Intaver Support
Posts: 823
Joined: Wed Nov 09, 2005 9:55 am

Post by Intaver Support » Sat Nov 26, 2005 11:46 am

RiskyProject includes project decision analysis functionalities. You can create project schedule, which contains different project scenarios. You can assign fixed of variable costs to task and resources.

The project schedule can be converted to the decision tree. Decision tree analysis will present you with cheapest alternative.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

DavidB
Posts: 15
Joined: Thu Nov 24, 2005 3:44 pm
Location: Denver, CO

Post by DavidB » Sat Nov 26, 2005 11:49 am

How do the risks and uncertainties in my project schedule affect the cost/benefit analysis?
David B

Intaver Support
Posts: 823
Joined: Wed Nov 09, 2005 9:55 am

Post by Intaver Support » Sat Nov 26, 2005 11:54 am

RiskyProject allows you to perform project scheduling while taking into account risk and uncertainties. If a project has uncertain task durations or costs, selecting viable project alternatives can become increasingly complex. RiskyProject and DecisionPro solve this problem by generating a decision tree based on results of a project risk analysis.

DecisionTree can be generated based on mean duration or cost from probabilistoc analysis (with risks and uncertainties).

RiskyProject provides tracking of actual project performance. On each phase of the project, RiskyProject will compare projected and actual data, reassess probabilities of risk, recalculate the project schedule, and generate a new decision tree. It will give you an opportunity to analyze project alternatives and select the proper course of action during execution of the project.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

DavidB
Posts: 15
Joined: Thu Nov 24, 2005 3:44 pm
Location: Denver, CO

Post by DavidB » Sat Nov 26, 2005 11:56 am

Thanks. I will give the decision tree a shot. Do you guys have any other information regarding decision trees?
David B

Intaver Support
Posts: 823
Joined: Wed Nov 09, 2005 9:55 am

Post by Intaver Support » Sat Nov 26, 2005 11:58 am

Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

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