Monte Carlo Simulations

Project Risk Analysis Workflow

You can now calculate the project. To calculate the project, click the Calculate button (for small projects calculations are done automatically) and Monte Carlo simulations are performed. RiskyProject offers a number of tools with which you can analyze the results.

The Project Summary provides two different types of information. At the top, you can quickly view general information about the project, name, manager, description etc. The bottom section shows the results of the calculations without taking into account the project baseline. This information includes ranges for the project:

  • cost,
  • duration, and
  • project finish time.

Interactive charts are also provided, which allow you to determine the chance the project will be completed on certain date, will have a certain duration, and will have a certain final cost. The project Summary also provides the overall project success rate, or chance that project will be not canceled.

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projectsummary

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