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
- Posts: 17
- Joined: Sun May 27, 2007 4:51 pm
- Location: Boston, MA
What happens if a deadline is placed on one of the alternative branches
- Posts: 808
- Joined: Wed Nov 09, 2005 9:55 am
Depending upon where the deadline occurs, it can reduce the success rate of of the branch. Deadlines can be used to measure how often an activity is successfully completed before a certain date. If you run 1000 iterations and the activity finishes on or before the deadline 660 times. The success rate will be 66%.
In addition, success rates are also affected by branching and show how often particular branches meet the criteria set for the branches. If we have both branching and deadlines combined.
In the example below, a deadline has been place on Scenario 2 > Phase 3 on the same day as the Base Finish Time. This deadline cuts off any results that exceed the Base finish time and has therefore a reduced success rate when compared to the other two scenarios .
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject