Cost and time uncertainties

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PetroleumCons
Posts: 7
Joined: Tue Feb 20, 2007 10:29 pm

Cost and time uncertainties

Post by PetroleumCons » Tue Oct 23, 2007 5:45 pm

Is it possible to define uncertainties in cost and time at the same time? We have a number of risks, which affects project schedule and project cost.

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

Post by Intaver Support » Tue Oct 23, 2007 5:53 pm

Yes, you may define risk 'Increase duration' or 'restart task' as well as risk 'Increase cost'. We don't have specific risk 'increase cost and duration'. But you may create two separate risks and use risk correlation mechanism to ensure that they occur together. Please remember, this 'increase cost' risk is related to fixed cost only.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
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