Intaver Institute News 2017

December 17, 2017
New video: Project Risk Management and Risk Analysis Workflow

Intaver Institute posted a new video, which provides a detailed  workflow of how project risk analysis and risk analysis processes are implemented in our RiskyProject software.

December 6, 2017
New white paper “Heuristics and Biases in Project Management”

As we go about our lives, whenever we make decisions, whether they are relatively important, “what strategies or tactics should we use to reduce project cost?”, or relatively trivial, “is No-Name peanut butter really a better bargain than the brand-name version?”, we are forced to assess probabilities or essentially make bets, which is not an easy task. We often apply rules of thumb or heuristics when we make judgments about probabilities of future events. In many cases, using these rules will help us make good decisions. However, depending upon the situation,  this type of decision making can lead to faulty judgments or biases. In this paper we will focus on a few common heuristics and biases which affect project management: availability, anchoring, representativeness, and others. Please click here to read our white papers.

November 23, 2017
Photo from the Integrated Project Management Workshop, Bethesda, October 2017

IntaverMascotHere is a photo of our booth at the Integrated Project Management Workshop, in Bethesda, Maryland on October 2017. On the left you can see our corporate mascot: a scary ghost. His name is Risk. RiskyProject project software helps you to identify, prioritize, and manage project risks. During this conference, we demonstrated our complete software product line: RiskyProject Professional, RiskyProject Lite, and RiskyProject Enterprise. Our next event is  the ConstructionCPM conference in New Orleans, LA. The conference will be held at the Sheraton  on Canal Street from January 30th to February 2nd, 2018.

November 15, 2017
Intaver Institute announces two New Webinars

Intaver Institite announced two new webinars.  “Project Risk Analysis: Benefit or Burden?” will be held on Tuesday, January 9, 2018. The webinar will help you to answer the following questions:

  • What are the general goals of project risk analysis?
  • What are the potential benefits and burdens?
  • When should risk analysis be performed?

Our second webinar “Project Risk Management and Analysis: Visualization and Reporting” will he held on Tuesday, March 6, 2018.

October 27, 2017
RiskyProject Enterprise with Cloud based Database Services

RemoteDBRiskyProject Enterprise requires a Microsoft SQL database installation on a server. The database is used to store risks, mitigation plans, projects, and other information that can be shared between different users within an organization. This database does not need to be installed on your company servers, as it can be located on a cloud -based database services , such as Amazon Relational Database Service (RDS). RiskyProject desktop clients (RiskyProject Professional, RiskyProject Lite or RiskyProject Risk Register) will communicate with the RdS via secure Internet connection. This cloud based system will greatly decrease the IT resources required to manage the database and will significantly simplify the installation and maintenance of RiskyProject Enterprise. Please contact Intaver Institute for more information.

October 19, 2017
Intaver Institute Events for 2018

We updated the list of events that Intaver Institute or its consulting partners are planning to attend in 2018. Intaver Institute participates in at least 5 conferences, symposiums, workshops, and other events every year. Among them are events organized by AACE International, The Institute for Operations Research and the Management Sciences (INFORMS), Society for Risk Analysis (SRA), Project Management Institute and its chapters (PMI), and other professional organizations and societies.

October 1, 2017
Running RiskyProject on Mac computers

RiskyProject will not run on the native Mac operating system (Mac OS). You must either have Windows installed on a partition or have a windows emulator installed.  There are many good options that are available, in particular our users have had success with the following options:

Apple’s Boot Camp allows you install a Windows OS on your Mac using a partition.

WineHQ allows you to run Windows software on a Mac OS.

Parallels is good choice to run Windows on Mac without rebooting.

September 16, 2017
Intaver Institute will attend IPM Workshop 2017, October 30 – November 1, 2017 in Bethesda, Maryland

Intaver Institute will be attending the Integrated Program Management Workshop at the North Marriott Hotel & Conference Center, Bethesda, Maryland on Oct 29- Nov 3 2017. The IPM Workshop is focused on Earned Value Management, Project Risk Analysis, Agile and EVM, and a range of Project Performance Management Techniques. Please come by and visit us at our booth for a demonstration of our latest or book an online demo.

September 9, 2017
New Free Webinar “Introduction to the RiskyProject Risk Register”

Intaver Institute announced new webinar “Introduction to the RiskyProject Risk Register”. RiskyProject Enterprise offers a new Risk Register module that simplifies qualitative risk analysis and management. This can be useful in cases where projects do not meet thresholds for qualitative analysis or in cases where detailed cost and schedule estimates are not available at the program or portfolio level. This webinar will show you how to:

  • Set up the risk register module so it is optimized for qualitative risk analysis
  • Identify and assess risks
  • Create risk plans
  • Generate reports
August 31, 2017
New Webinar: Why you should be running Monte Carlo risk analysis

Running Monte Carlo simulations on project plans can often seem like an unnecessary added burden on the project team. Monte Carlo risk analysis requires additional expertise, effort and tools to perform, but the benefits are often not well understood.
In this webinar, we will discuss the benefits of running Monte Carlo simulations as well as when it is indicated. Learn how Monte Carlo is the best method to:

  • Generate risk adjusted project baseline
  • Estimate project contingency
  • Rank risks affecting project schedule

The webinar will be held at Tuesday, September 5, 2017, Time:10:00 AM – 11:00 AM MST (UTC-07:00).

August 15, 2017
Intaver Institute’s New Canadian Office

MacleodTrailOffice1Intaver Institute inc. has moved to a new office in Calgary, Canada. We are growing and we needed larger and newer office space. Our office is now located at 400, 7015, Macleod Trail S.W., Calgary, AB, T2H 2K6. Our main phone number remains the same: 1(403)692-2252. Our new office is conveniently located on one of the central Calgary roads Macleod Trail near Chinook Center and Chinook LRT station, only 10 minutes from downtown Calgary. It has easy access to Calgary International Airport and different Calgary’s business parks. Click here and see our location on the map. The move to new location will us to better serve our clients, and in particular those who are located in  Calgary. Intaver Institute US headquarters remaisn at the same location in Naples, Florida.

July 9, 2017
RiskyProject Tutorial

RiskyProjectTutorialPlayListIntaver Institute published a new tutorial for RiskyProject 7. It is available on Intaver Institite web site, as well as on YouTube. Our YouTube channel has now two playlists: RiskyProject risk management and risk analysis software tutorial, which includes RiskyProject Professional and RiskyProject Lite; and, RiskyProject Enterprise tutorial, which includes RiskyProject Enterprise and Risk Register module. You can watch each video separately or complete tutorial as a playlist.  The total number of videos for both playlists is 34: 20 videos for RiskyProject tutorials and 14 videos for RiskyProject Enterprise tutorial. Intaver Institute welcomes feedback on our new tutorial videos.

July 4, 2017
New book “Project Value at Risk”

Project Value at RiskNicki Kons, one of Intaver Institute’s consulting partners published new book “PVaR – Project Value at Risk“. PVaR is a new indicator for connecting risks to the most important questions in project management: when will the project be completed and at what cost? It is based on the widely accepted VaR financial indicator. PVaR will change how you think about project management and about risks. The book introduces the amazing progress and mini revolutions currently taking place in risk management and shows how project management and organizations could gain from it all. The book includes practical questionnaires and examples that will add value to your current project management practices. Will project management become more quantitative? Stay the same? Change completely? The insights in PVaR highlight the path ahead for project management.

June 16, 2017
New webinar: New RiskyProject version 7

Intaver Institute Inc. announces a new webinar. This webinar will cover the new features in RiskyProject 7:

  • Overview of the new Risk Register module
  • Using new risk reports associated with risk matrix
  • Improved risk register: east way to define risk probabilities, impacts and other risk properties
  • Using wizard to import risk registers from Microsoft Excel
  • Working with Microsoft Project Server
  • How to use new Weather calendar
  • Improved interactive histograms and charts: from frequency and cumulative probability plots to joint confidence level chart
  • Project schedule diagnostics for Microsoft Project: check quality of your original schedule in Microsoft Project
  • Organizational breakdown structure (Enterprise version only)
  • … and more

Date:  Tuesday, July 11, 2017
Time:  10:00 AM – 11:00 AM MST

June 10, 2017
RiskyProject 7 is now available

RiskyProject7RiskyProject 7 is a major version release of the entire RiskyProject Software Suite including Professional, Lite, Enterprise and feature the introduction of RiskyProject Risk Register. Version 7 boasts of an improved risk register, new reports and charts, and a many other new features:

RiskyProject Risk Register is a lightweight tool to view and modify the risk register in RiskyProject Enterprise.  RiskyProject Risk Register is designed for projects that do not require quantitative project risk analysis, but do require the risk assessment and control for qualitative risk management.

RiskyProject 7 includes the following new features:

  • New Risk Reports integrated with the Risk Matrix
  • Improved Risk Register
  • Import Risk Registers from Microsoft Excel
  • Improved Integration with Microsoft Project Server
  • Weather Calendar
  • Improved Histograms and Charts
  • Improved histograms and charts include joint Confidence Level charts, frequency and cumulative probability plots, and scatter plots.
  • Actual Risk Scores on Waterfall Charts
  • Project Schedule Diagnostics for Microsoft Project
  • Importing Resource-leveled Schedules
  • Improved Customization of the Risk Matrix
  • Improved User Interface, including new project risk score meters, new project dashboard views, revised grid controls, and new calendar controls.
  • Notification System for RiskyProject Enterprise: You can configure emails to be sent to users to notify them about the status of risks or changes in their properties, as well as incoming risk reviews
  • Support of Organizational Breakdown Structure
  • … and more

All our clients who purchased RiskyProject after June 1, 2016 or on a maintenance plan can upgrade your RiskyProject version free of charge. Otherwise you may purchase an upgrade.

To learn more about RiskyProject 7 please view new RiskyProject tutorial.

May 24, 2017
New Intaver Institute Consulting Partner

AC Engenharia e Consultoria is a Project Management consulting company focused on risk management, planning, and cost control. Our professionals years of experience working in CAPEX (greenfield and brownfield) projects in Oil&Gas, Energy, Civil Construction, IT and Mining industries. AC Engenharia e Consultoria’s risk oriented work results in successful outcomes by achieving scope, schedule, budget and quality through project management best practices. AC Engenharia e Consultoria is located in Brazil.

May 22, 2017
New book “Further Advances in Project Management: Guided Exploration in Unfamiliar Landscapes”

FutureAdvancementsInProjectManagementIntaver Institute was one of the contributing authors ( Memory and Project Mental Errors) in the newly published “Further Advances in Project Management: Guided Exploration in Unfamiliar Landscapes” edited by Darren Dalcher includes topics on people, communication, ethics, change management, value realization, benefits, complexity, decision-making, project assurance, communication, knowledge management, big data, project requirements, business architecture, stakeholder engagement, strategy, users, systems thinking and resilience. The main aims of the collection are to reflect on the state of practice within the discipline and to propose new extensions and additions to good practice.

April 25, 2017
 Intaver Institute’s  new consulting partner: Yuri Raydugin

BookRiskAndUncertaintiesYuri Raydugin has become Intaver Institute’s consulting partner. Yuri Raydugin, P.Eng., M.B.A. is an experienced risk management professional who developed and implemented successful risk management systems for several major oil & gas companies and dozens mega and major capital projects in North America, Middle East and Asia. His risk management of projects applies a variety of proven deterministic and probabilistic methods. Full and efficient engagement of project teams is a cornerstone of his risk management approach. Dr. Raydugin is an author of several publications on risk management including a best selling book Project Risk Management: Essential Methods for Project Teams and Decision Makers (2013), Hoboken, NJ: John Wiley & Sons. He is a member of Association of Professional Engineers and Geoscientists of Alberta (APEGA), Canada, and Saudi Council of Engineers (SCE), Saudi Arabia. Yuri is also an editor for Handbook of Research on Leveraging Risk and Uncertainties for Effective Project Management.

April 16, 2017
Book “Project Risk Analysis Made Ridiculously Simple” is now available on Google Books

BookRiskAnalysis“Project Risk Analysis Made Ridiculously Simple” written by Intaver Institute’s staff members is now available on Google Books. If you use or planning to use RiskyProject this book can become a starting point to learn project risk analysis and risk management. The book shows in details how to perform schedule and cost analysis of projects and portfolios. Many examples in this book in done using RiskyProject software. Google version on the book includes table of content and few first chapters. Here are the main section of the book:

Project risk management and qualitative risk analysis
Quantitative project risk analysis
Advanced quantitative project risk analysis
Portfolio risk analysis

The aim of the book is to provide a practical overview of the project risk management process that covers both theory and practice and would serve as a useful guide to a wide range of readers from students to project risk experts. The book covers all aspects of the project risk management process as covered by more project management organizations including PMI and ISO 31000. It includes interesting discussions of famous historical event from a project risk perspective. In addition, the book will provide practical step by step guides for implementing a project risk management process.

March 30, 2017
Intaver Institute on Risk Governance Forum

DSC05889Intaver Institute presented its methodology and risk analysis software at Policy Forum “Risk Governance for Key Enabling Technologies” organized by Society for Risk Analysis (SRA). The forum was held in Cultural Center Don Orione Artigianelli, in Venice, Italy. The topic of Intaver’s presentation was “Risk Governance Framework for Aerospace and Defence Projects”. The presentation included discussions about Event Chain Methodology as well as project risk analysis and risk management software RiskyProject and their applications in aerospace and defence industry. The SRA Forum “provided discussion of current initiatives that are centered in refining the risk governance of emerging technologies through the integration of traditional risk analytic tools “.The next event organized by SRA are 26th SRA-Europe Annual Conference 19 June – 21 June 2017 in Lisbon, Portugal. practical step by step guides for implementing a project risk management process.

March 17, 2017
New webinar on project risk analysis.

New fee webinar “Step-by-step Schedule Risk Analysis with RiskyProject” is scheduled for Tuesday, March 21, 2017,
10:00 AM – 11:00 AM MST (UTC-07:00).  This this webinar you will learn about few simple steps how to streamline your risk analysis and communicate the results.

February 16, 2017
Intaver Institute announces a new webinar

We  will be providing a free webinar “Introduction to project risk management: Risk Registers and more” on Tuesday May 2nd, 2017 at 10am MST. The webinar will show how participants how to set  up and use risk register to manage the complete risk lifecycle.

In addition, there is also a scheduled webinar “Step-by-step Schedule Risk Analysis with RiskyProject” on Tuesday March 7th, 2017, that will provides an easy to follow process to perform schedule risk analysis.

February 8, 2017
New book “Project Risk Analysis Made Ridiculously Simple” 

Project management is the art of analyzing and managing risks. Without risk, there is little need for project management. Project Risk Analysis Made Ridiculously Simple offers a step-by-step guide on how to perform project risk analysis and risk management for a wide range of readers: students, project schedulers not exposed to project risk analysis before, and to project risk experts. The book is written by Intaver Institute staff members.

With this book, you will learn how to:

  • Identify and manage risks over the course of a project
  • Perform qualitative and quantitative risk analysis
  • Perform project risk analysis using Monte Carlo simulations
  • Use event chain methodology to improve project risk analysis
  • Perform risk analysis of project portfolios.
January 6, 2017
Intaver Institute’s New US Headquarters

img_20161229_172412Intaver Institute Inc. today announced that they have established a new headquarters located in Naples, Florida, USA. The new US location will provide Intaver Institute Inc. a platform to better reach and service both new and existing customers of our project risk management and risk analysis software suite RiskyProject. “Our new location in the US will allow us to provide better service for our US customer base by expanding our software development and customer support operations to include both the Calgary and Naples locations”, said Michael Weiner, President and General Manager of Naples, Florida headquarter of Intaver Institute Inc. “Our new headquarters will be tightly aligned with the needs of key stakeholders and showcase our strategic growth initiatives in the area of project risk management and risk analysis software”.

More News Releases:

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For 2013-2014 news click here

For 2009-2012 news click here

For news before 2009 click here

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.