Risk Categories and Alternatives

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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ManDell
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Joined: Sat Nov 03, 2007 9:08 pm

Risk Categories and Alternatives

Post by ManDell » Thu Mar 10, 2016 2:14 pm

If a risk is assigned to different categories: 20% increase cost and 20% increase duration, is it considered to be alternatives or not?
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Intaver Support
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Re: Risk Categories and Alternatives

Post by Intaver Support » Thu Mar 10, 2016 2:16 pm

Short answer is no. Risk alternatives are risk assignments within the same risk category. Take a look at the examples below. In the first the risk has been assigned to schedule and cost categories (Fixed delay an Relative cost increase respectively). We can see in the risk alternative pie chart shows only a single probability. In the second, we have added another risk assignment to the cost category. It is now shown as risk alternative 1 and 2 and this is now reflected in the pie chart.

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