Project Risk Analysis Software and Project Risk Management Software Forum

Hello,

I have a risk which have outcome fixed delay. We have a statistical distribution for this delay. It is a triangular distribution:
- low 4 days
- most likely 7 days
- high 11 days
How can we model in in RiskyProject?

You can define risk outcome as a range defined by a statistical distribution:


To enable probabilistic risk outcome:
1.Click the Schedule tab. In the Settings group, click Options.
2.Click the Risk tab.
3.Select the Enable statistical distribution for risk outcome checkbox. Once enabled, this setting is the default for all RiskyProject files on your computer.

Then you can enter statistical distribution for risk outcome in any dialogs for risk assignments.


After you enter probabilistic risk outcomes and click OK, RiskyProject will perform Monte Carlo simulations and calculate the risk impact based on the mean of the statistical results.