Risk Analysis Results
Moderator: Intaver Support
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- Posts: 11
- Joined: Tue Mar 14, 2006 5:56 am
Moment of risk
Sorry, just one more, I was reading through your documentation and cam across moment of risk. What does it mean and how do I use it?
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- Posts: 1018
- Joined: Wed Nov 09, 2005 9:55 am
Moment of risk
Moment of risk is defined by
The moment of risk is uses in tracking to automatically calculate the chance of a risk for partially completed tasks, in task cancellation, in risk "restart task". So iif you put a trianglar distribution for a risk that start at A% of the task duration, and has a most likely at B and ends a C, RiskyProject uses this disrtibution to calculate the remaining chance that the risk can occur.
The moment of risk is uses in tracking to automatically calculate the chance of a risk for partially completed tasks, in task cancellation, in risk "restart task". So iif you put a trianglar distribution for a risk that start at A% of the task duration, and has a most likely at B and ends a C, RiskyProject uses this disrtibution to calculate the remaining chance that the risk can occur.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
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- Posts: 11
- Joined: Tue Mar 14, 2006 5:56 am
Again, thanks
Thanks for the example on moment of risk. It is a hard one to get your head around.
WD
WD