Risk properties and risk analysis

This forum includes discussion about project risk analysis and risk management theory: Monte Carlo simulations, Event Chain Methodology, schedule and cost risk analysis. Please submit questions and case studies about your experience with our project risk analysis software.

Moderator: Intaver Support

Post Reply
Google
Posts: 6
Joined: Wed Feb 08, 2006 10:11 pm
Location: Toronto

Risk properties and risk analysis

Post by Google » Wed Sep 09, 2015 10:36 am

Does the Start and End dates in the Risk Properties view impact the risk analysis? Particularly, in the Risk Properties view, does the risk Start and End Dates affect the results of the Monte Carlo risk analysis?

Intaver Support
Posts: 835
Joined: Wed Nov 09, 2005 9:55 am

Re: Risk properties and risk analysis

Post by Intaver Support » Wed Sep 09, 2015 10:43 am

Quick answer is no, the Start and End dates of the risk (sometimes referred to as sunrise and sunset) are part of the meta data used as part of the risk management process, but is not used as a input parameter in the Monte Carlo schedule risk analysis.

Risk does have a time dimension in addition to probability and impacts; however, when you assign risks to activities or resources, this time dimension of the risk is automatically accounted for by the time phased aspect of the tasks within the project schedule and resources assigned to them.

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

Post Reply