News

October 24, 2018
New Paper “Integration Stages of Project Risk Management (PRM) into Enterprise Risk Management (ERM)”

New paper “Integration Stages of Project Risk Management (PRM) into Enterprise Risk Management (ERM)” co-authored by Intaver Institute staff is published in International Journal of Risk and Contingency Management. Enterprise risk management (ERM) is a relatively new concept for a project-based organization than for a functional organization. A project-based organization, in general, faces several difficulties in the implementation of ERM due to the diversity of risk associated with several projects. From a system thinking perspective, a project-based organization needs an integrated approach to interrelate the isolated processes of diverse projects. The issues are related to fuzzy picture of integration, such as, the difference between ERM and PRM processes, how to integrate the two concepts, what happens if integration process goes wrong, as well as issues with risk technologies and change in risk culture. The article provides informal and formal approaches to integration of ERM and PRM. Successful integration requires not only an understanding the value of integration, improvement in risk culture, but needs a learning-based approach to improve risk expertise, interaction, team building, and decision making.

September 26, 2018
New webinar: Planning like Goldilocks: how to ensure your cost contingencies are just right

Intaver Institite announced new webinar “Planning like Goldilocks: how to ensure your cost contingencies are just right” on Tuesday, Nov 13, 2018. One of the most common complaints of modern project management is the failure of managers to estimate project costs consistently and accurately. They often either intentionally or unintentionally underestimate cost due to cognitive and motivational biases. Contingencies are spent at the beginning of the projects and projects are completed over budget. At the same time some organizations place premium on ensuring projects do not exceed their budget. As a results contingencies and margins become bloated and the projects become less efficient and competitive. Finding the balance between these opposing influences requires creating risk adjusted project plans that meet the Goldilocks standard: not too little, not too much, but just right. The solution is project cost and schedule risk analysis. To register for webinar please click here.

September 5, 2018
New webinar Project Risk Analysis for Oil and Gas Industry 

New free webinar “Project Risk Analysis for Oil and Gas Industry” is scheduled for September 11, 2018. The oil and gas industry is historically  very competitive, high risk and capital intensive. Delays and cost escalation in exploration, development, and production are often the differences between success and failure  and any improvements in reducing the impact of  cost and schedule risk is critical to success.  Project risk management is the most cost effective and easiest to implement method  to improve project performance and reduce cost. In spite of this, effective project risk management has not been fully taken up by the industry. This webinar will an overview of the basic steps of project and portfolio risk management process tailored for the oil and gas industry.

July 13, 2018
RiskyProject minor release 7.0.5.1

Intaver Institute released new version 7.0.5.1. It is a minor release which includes some minor usability improvements and few minor bug fixes. RiskyProject 7.0.5.1 features new installer, which simplifies process of RiskyProject installation on different versions of Windows. RiskyProject also includes improved RiskyProject addin for Microsoft Project.

June 26, 2018
Two new webinars from Intaver Institite.

Intaver Institute announced two new free public webinars. The first webinar “Project Risk Analysis and Risk Management: The Case Studies” explains how RiskyProject is used for analyzing in managing risks in three large programs. This webinar will be held on July 10, 2018. The second webinar “Project Risk Analysis for Oil and Gas Industry” is focused on managing delays and cost escalation in oil and gas exploration, development, and production. This webinar will be held on Tuesday, Sep 11, 2018.

June 22, 2018
New Project Management Bool by Intaver’s Partner

Intaver Institute’s partner ProjectPro published Eric Uyttewaal’s new textbook on program management titled ‘Forecasting Programs’. Especially for customers of Intaver and RiskyProject, ProjectPro provides a 15% discount on this new and unique 400-page textbook that is a must-read for anybody involved in a program. You can buy the book at the ProjectPro website. Please use the following discount code: RP15

June 20, 2018
Intaver Institite on INFORMS International Meeting

Intaver Institite Inc. presented its research on Event Chain Methodology at INFORMS International Meeting, which took place in Taipei on June 17-20, 2018. The Institute for Operations Research and the Management Sciences (INFORMS) is an international society for practitioners in the fields of operations research (OR), management science, and analytics. Event Chain Methodology is risk analysis technique focus on analysis of relationship between risks in project schedules. Intaver ‘s RiskyProject project risk analysis and risk management software implements Event Chain Methodology.

May 17, 2018
Intaver Institite on AACEI Conference 2018

Intaver Institite will present its RiskyProject project risk analysis and project risk management software on 2018 AACE International Conference & Expo. The AACE International Conference 2018 will take place June 24-27 – Manchester Grand Hyatt, San Diego, CA. AACE International’s Conference & Expo brings together the industry’s leading cost professionals in a forum focused on learning, sharing, and networking. Over 100 hours of technical presentations will challenge you to better manage, plan, schedule, and implement technology for more effective and efficient business practices.

May 4, 2016
New book on risk management

Risk management is a much broader concept than just project risk management, which is a focus of Intaver Institite’s activities. “Global Health Impacts of Nanotechnology Law” by Dr. Ilise L. Feitshans is  an excellent  new book about risk management and its application to nanotechnology. It defines nanotechnology both from the legal and technical perspective, and describes its benefits, examines risks associated with introduction of nanotechnology, and finally it discusses laws and regulations around nanotechnology.

May 1, 2018
RiskyProject on EVM World 2018

Intaver Institute will present its RiskyProject software on EVM World in Fort Lauderdale Florida May 30-June 1, 2018. The EVM World 2018 Workshop is a chance to learn about project performance techniques, including earned value management (EVM). The workshop provides training, current topics from practicing professionals, access to world leaders in project performance management, networking, and the latest in software and consulting to make your program successful.

April 22, 2018
New Presentation: Risk Adjusted Project Schedule

Intaver Institute published new presentation – Risk Adjusted Project Schedules:

  • What are the risk adjusted project schedules
  • How to generate adjusted project schedules using Monte Carlo schedule risk analysis
  • How to manage projects using risk adjusted project schedules

To view other Intaver Institute’s presentations please click here.

March 28, 2018
New article on Event chain diagrams

Intaver Institite published new article on Event chain diagrams. Relationships between project risks can be very complex. Risks can be assigned to different activities and resources, have different probabilities and impacts, and have correlations or act as triggers with each other. Due to this complexity, we recommend visualizing project events and event chains using event chain diagrams. Event chain diagrams use the familiar structure of a Gantt chart to visualize the relationships between project risks. State tables are also a useful tool and can be used to define the state of an activity. This paper provides a specification of Event chain diagrams and State tables along with advice on how to use them effectively.

March 12, 2018
New video on Event Chain Methodology

Intaver Institite published new video on Event Chain Methodology.

Intaver Institite published new video on Event Chain Methodology. Event Chain Methodology is a schedule risk analysis technique. It focuses on managing risk events affecting project schedules and the relationship between them. Intaver Institute implements Event Chain Methodology in project risk analysis and risk management software RiskyProject. If you need more information about Event Chain Methodology please read our book “Project Risk Analysis Made Ridiculously Simple”.

February 28, 2018
New Intaver Institite’s Regional Partner

Intaver Institute is pleased to announce our a new regional partner Project Management Systems (PMS) located Chile. PMS has offices in Chile and Columbia and will help support our customers in this region. Project Management Systems Ltda is a consulting company with more than 10 years of experience in the Project Management (Integrated Project Management) market that offers its clients (investors, owners, engineering companies and contractors in general) specialized services in Project Management, specifically in capital cost estimation, financial risk analysis of investments, cost engineering, project scheduling, support in the selection of personnel to integrate project teams, and assistance in the preparation of proposals.

February 23, 2018
Intaver Institute schedules new webinar for May 15th

Intaver Institute has scheduled a new webinar “Avoiding slippage: techniques for creating a risk adjusted schedule” on May 15th. This webinar will show participants how to create risk adjusted project plans protects key objectives from the impact of risks and uncertainties. This webinar will provide you a basis framework that will allow you to:

  • Understand the two different sources of project risk and how they can be managed
  • Generate, visualize, and interpret risk adjusted project schedules
  • Create project plans with schedule margin and cost contingency that accounts for the level of project risk.
February 7, 2018
Intaver Institute signs agreement with Indonesian partner Nutech-Integrasi

Intaver Institute is pleased to announce the signing of a new partnership agreement with Nutech-Integrasi who will provide sales and technical support for the Indonesian market.

Nutech is dedicated to delivering the best resulst by furnishing the industries such as transportation, telecommunication, financial institutions, logistics, health, retail, education, travel & tourism, utilities and many other with innovative products and services.

January 29, 2018
New Intaver Institute Consulting and Reseller Partner

AGAP has been working for many years with research centers and training institutes in France. Its activities are consulting and expertise in management and project management, training in methods, tools and projects oriented pedagogy. AGAP also provides services in the implementation of project management techniques.

AGAP expertise travaille depuis de nombreuses années avec les centres de recherche et instituts de formation en France. Ses activités sont le conseil et l’expertise en management et gestion de projets, la formation aux méthodes, aux outils et la pédagogie par projets. Assistance à la maitrise des projets.

January 17, 2018
New Intaver Institute Blog

Intaver Institute Blog Project Management and Project Risk Analysis. The blog includes regular posts on different subjects related to:

  • project risk management theory and practice
  • quantitative and qualitative project risk analysis
  • project decision analysis
  • phycology and judgment and decision making and its application to project decision and risk analysis
  • using RiskyProject software

The blog post will be also available on our LinkedIn page and LinkedIn user group “RiskyProject – Project Risk Analysis and Management

January 16, 2018
Free RiskyProject Enterprise Evaluation on Remote Servers

Intaver Institite Inc. now offers free evaluation of RiskyProject Enterprise software installed to remove servers accessed by Windows-based Remote Desktop Connection software or any other remove connection software on your choice. This way you don’t need to install and configure database on your local network. Intaver Institute will perform all installation and configuration. The evaluation configuration is available for 5 users only on limited time basis. Evaluation version of RiskyProject Enterprise has the same functionalities as full commercial version. Please contact Intaver Institute and we will provide you with access to our RiskyProject Enterprise evaluation installation.

January 2, 2018
We will be at the Construction CPM conference

Intaver Institute will be attending the Construction CPM Conference at at the Sheraton Canal Street in New Orleans on January 30th to February 2nd, 2018. The Construction CPM conference is focused on  Critical Path Method of planning and scheduling analysis, and a wide range of other project management techniques. Please come by and visit us at our booth for a demonstration of our latest version or book an online demo.

 

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Project risk management and project risk analysis newsletters

Intaver Institute publishes its project risk management and project risk analysis newsletter at least every two months. In each newsletter we show tips and tricks how to use RiskyProject software, announce Intaver Institute’s events, offer sales on RiskyProject Professional or RiskyProject Lite software, as well as report other Intaver Institute Inc. news.

To view the newsletter archive please click here.