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.
Moderator: Intaver Support
- Posts: 4
- Joined: Tue Nov 22, 2005 1:05 pm
- Location: Ottawa, ON, Canada
If I am interested in only doing a simple model of Cost Impacts and use a single task with all cost risks assigned to it, would the solution for the Cost Risk be invalid since the convergence is based on duration?
Would it be better to:
Use a single task with an extremely wide range of duration with all cost risks assigned to that task
Use multiple tasks in a chain with a "reasonable" duration spread and apply a single cost risk to each task
- Posts: 835
- Joined: Wed Nov 09, 2005 9:55 am
We recommend creating one task and assign multiple risks, related to cost to this task. If you are using fixed cost increase risks, you need to define some fixed cost for this task. In RiskyProject 2.1 by default number of simulation will be 100. It may be insufficient, therefore to may go to Tools -> Options -> Calculation and disable conversion monitoring. RiskyProject will run exact number of simulations defined in Calculation tab of Options dialog.
Intaver Support Team
Intaver Institute Inc.
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