Project Risk Analysis Software and Project Risk Management Software Forum

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

Cheers

Bob
Ottawa, On

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.