November 13th, 2024
Intaver Institute Announce The List of Events for 2025
Intaver Institute will present its RiskyProject software on a number of events H1, 2025. It includes 2025 AACE International Conference & Expo, which will be held June 15-17, 2025 in Anaheim, CA, USA, 2025 NASA Cost and Schedule Symposium, which will be held in April 29 – May 1, 2025 in Huntsville, AL, USA, and others. Click here to view Intaver Institute’s events.
August 19th, 2024
Intaver Institute at Fall 2024 Integrated Program Management Division Forum
Intaver Institute will present its RiskyProject software at 2024 Fall 2024 Integrated Program Management Division Forum organized by National Defense Industrial Association (NDIA). The meeting will take place at August 21-22, 2024 at at the Lockheed Martin Center for Leadership Excellence in Bethesda, MD. The Integrated Program Management Division (IPMD) is the primary forum for exchanging views and information to promote and communicate integrated program management best practices. The IPMD actively works to foster a mutual understanding and effective working relationships between industry and government regarding the development, documentation, and maintenance of integrated program management processes.
June 19th, 2024
Intaver Institute at AACEI 2024 Atlanta
Intaver Institute presented it RiskyProject Project risk analysis and risk management software at AACE International Conference and Expo in Atlanta. The Conference & Expo convenes the leading cost and project controls experts and dedicated professionals in the world. Risk analysis and risk management is a significant component of project control. On the right sight you can see Intaver Institute’s mascot Risky.
May 19th, 2024
RiskyProject minor release 7.2.4.7
Intaver Institute released new version of its project risk analysis and risk management software RiskyProject. It is a minor release of RiskyProject Professional, RiskyProject Lite and RiskyProject Enterprise. This release is focused on minor user interface improvements and bug fixed. Particularly RiskyProject 7.2.4.7 includes improvements in Oracle Primavera P6 Primavera Online integration. If you already use RiskyProject you don’t need to upgrade it to this minor release.
April 29th, 2024
Intaver Institute Celebrates 20 Years of Excellence in Business
Intaver Institute, a leading provider of project risk management software and consulting services, is proud to announce its 20th anniversary in business. Since its founding in 2004, Intaver Institute has been dedicated to providing organizations worldwide with innovative solutions to manage project risks effectively.
Over the past two decades, Intaver Institute has established itself as a trusted partner for businesses across various industries, including construction, engineering, aerospace, and technology. Through its flagship software, RiskyProject, Intaver Institute has enabled countless project managers to identify, assess, and mitigate risks, ultimately enhancing project outcomes and ensuring success. We are thrilled to celebrate this significant milestone in our journey. For 20 years, we have been committed to delivering cutting-edge solutions that help our clients navigate the complexities of project management. We owe our success to the dedication of our team, the support of our clients, and our unwavering commitment to innovation.
In addition to its software solutions, Intaver Institute has built a reputation for excellence in project risk management consulting, offering tailored services to meet the unique needs of each client. Through workshops, training programs, and personalized consultations, the company continues to help organizations to achieve their project goals with confidence. As Intaver Institute looks ahead to the future, it remains steadfast in its mission to drive excellence in project management and support the success of its clients around the globe.
March 10, 2024
Intaver Institute at NDIA Program Management Tools and Services Forum
Intaver Institute will present its RiskyProject software at 2024 IPM Division Meeting: Program Management Tools and Services Forum organized by National Defense Industrial Association NDIA. The meeting will take place at March 13-14, 2024, in the El Conquistador Tucson, A Hilton Resort in Tucson, AZ. The Integrated Program Management Division (IPMD) is the primary forum for exchanging views and information to promote and communicate program management best practices.
January 29, 2024
Intaver Institute Webinar: Cost Escalation of Large Capital Projects
Intaver Institute announced new webinar “Cost Escalation of Large Capital Projects and the Role of Risk Analysis”. Cost escalation in large-scale infrastructure projects surpassed an average of 4.3% from 2000 to 2023, outpacing inflation rates. This alarming trend raises concerns about the feasibility of future constructions. Moreover, evidence suggests a parallel surge in project costs across various industries. Delve into the root causes and potential solutions in this enlightening webinar.
October 25, 2023
Intaver Institute at Project Control Expo 2023
Intaver Institute will make a presentation “Project Control and EVM Analysis with Risks and Uncertainties” at Project Control Expo 2023 in London, UK. Project Control Expo UK is a world’s largest event for project controls. It will be held 7-8 November 2023 at Wembley Stadium, London. It is 2-day even with around 1800 delegates, 70 speakers and 58 exhibit stands.
June 17, 2023
Intaver Institute at AACE Chicago 2023
Intaver Institute presented its RiskyProject project risk analysis and risk management software at AACE Conference 2023 in Chicago. Established in 1956, AACE International is the Association for the Advancement of Cost Engineering. Together with the AACE International Certification Institute, it serves over 10,000 members and certificants in 100 countries. We also presented a paper: “Why Large Capital Projects Are Too Often Over Budget and What to Do About It?”.
May 22, 2023
Dr. Murray Cantor is new Intaver Institute’s consulting partner
Dr. Murray Cantor is new Intaver Institute’s consulting partner. The focus of Dr. Cantor’s research is applying a Bayesian approach to the successful planning and delivery of risky, innovative projects and programs. Dr. Cantor is a retired IBM Distinguished Engineer serving on the board of advisors for Hale Sports and the National Council for the Strawbery Banke in Portsmouth, New Hampshire. With his Ph.D. in mathematics from the University of California at Berkeley, and extensive experience in the management of complex, innovative projects, he has focused on applying predictive reasoning and causal analysis to the execution and economics of project management. His career also includes several years of teaching as an assistant professor of mathematics at Duke University and the University of Texas at Austin.
April 26, 2023
UMD PM and NASA Cost and Schedule Symposiums
Intaver Institute recently sponsored the CPM‘ s Performance Management track during the Project Management Symposium held at University of Maryland. The symposium waw well attended by a variety of people including academic, industry, and government organizations. The symposium included excellent presentations and and a great opportunity for people to share experiences and research in a very congenial and relaxed setting.
NASA Cost and Schedule Symposium
We will be presenting a paper on “Joint Confidence Level Analysis for Projects with Multiple Objectives” at the NASA cost and schedule symposium that will be held in Pasadena on May 2-4, 2023. The paper is based upon recent development required as part of use of RiskyProject in the ongoing Electrified Flight Program Demonstration (EPFD) program through NASA. If you would like a copy of the presentation or have questions regarding RiskyProject’s JCL capabilities, please contact us at sales@intaver.com
April 11, 2023
New Webinar: The Risk Register and How to Use It
Intaver Institute announced it will host a new webinar that will take place on May 9th 2023. Risk Registers are a fundamental tool used to manage risks and contain all information about risks. RiskyProject’s integrated Risk Register supports a wide range of risk management processes from the very simple to the very complex. In this webinar, we will look at how you can configure RiskyProject’s risk register to manage of your project risks. You will learn:
- What are the main components of the Risk Register.
- What should you take into consideration when setting up your Risk Register.
- How to set up the Risk Register for qualitive vs quantitative risk analysis.
- How to customize settings for risk identification, assessment, planning, control, and reporting
April 2, 2023
Intaver Institute at Project Control Summit 2023
Intaver Institute will present its RiskyProject project risk analysis and risk management software at virtual Project Control Summit. The summit is the largest global virtual conference in project controls and will take place from May 3 to May 5, 2023. Please visit Intaver Institute’s virtual booth for more information.
April 2, 2023
Intaver Institute at Project Control Summit 2023
Intaver Institute will present its RiskyProject project risk analysis and risk management software at virtual Project Control Summit. The summit is the largest global virtual conference in project controls and will take place from May 3 to May 5, 2023. Please visit Intaver Institute’s virtual booth for more information.
February 16, 2023
RiskyProject minor release 7.2.4.2
Intaver Institute released new minor version of RiskyProject Project Risk Management and Risk Analysis software 7.2.4.2. The released focused mostly on improved integration with other scheduling and project management software particularly with Oracle Primavera P6 and Proteus Envision. This version includes other minor improvements to the RiskyProject software. If you don’t use Oracle Primavera P6 you don’t need to upgrade the software. RiskyProject 7.2.4.2 is fully compatible with previous versions.
February 9, 2023
Intaver Institute adds new consulting partner Forward Projects
Forward Projects Ltd is a small company based near Tewkesbury, Gloucestershire. Established in 2007, the company has been providing both public and private clients with a range of project management services including scope definition, planning, risk management, design management, construction management, stakeholder management, cost management, procurement and contract management. According to Michael Trumper, Intaver’s Business Development Manager, “We hope our relationship with Forward Projects will increase our ability to support our growing UK user base”,
Managing Director of Forward Projects says “Health & Safety, the Environment and Quality are fundamental values to our business and are non-negotiable. Our client base covers a wide range of customers from general building & construction, aerospace, automotive, nuclear and petrochemical industries. Often there is a common theme; they are ‘built environment’ projects that must be delivered as a result of a business imperative and within a safety conscious, regulated environment”.
October 25, 2022
OnlinePMCourses is New Intaver’s Media Partner
OnlinePMCourses provides Practical and Engaging Project Management Training and Learning with a host of free and paid resources to help you build your project career. Our content, courses, coaching, community help our students to: pass exams, get jobs, and deliver projects successfully. Please visit and subscribe to OnlinePMCourses YouTube Channel.
September 29, 2022
PLANING SAS is new RiskyProject Reseller
Intaver Institute announces the addition of Ingeniería de Planificación PLANING SAS from Barranquilla – Colombia to our growing network of Value Added Resellers. Ingenieria de Planificación PLANING SAS is a project engineering consulting company that offers comprehensive services and solutions within the framework of the Project Management Value Chain. These services span the initial definition of the corporate strategy to the estimation of Project Costs and Value Engineering, as well as to budget analysis and management tools for planning, execution, control and evaluation of Projects and risk management. Planing SAS has a team of Engineers and Administrators with more than 22 years of experience in the Industrial, commercial and public sectors; in the design, analysis, implementation and engineering of Value in construction projects; and, civil infrastructure and specialized consulting.
September 15, 2022
RiskyProject Minor Release 7.2.3.2
RiskyProject 7.2.3.2 is new minor release of our project risk management and risk analysis software. Main new feature of this release is Frontier Lines in Joint Confidence Level Plot. They represent the area on the plot where Cost and Duration (Finish Time) combination meets certain predefined targets. Joint Confidence Level Plot is available in RiskyProject Professional. Also RiskyProject 7.2.3.2 features improved compatibility with Oracle Primavera and Microsoft Project. If you purchased RiskyProject after August 1, 2021 or you are on a maintenance plan, you can upgrade RiskyProject free of charge.
August 29, 2022
RiskyProject Integration with Proteus Software
Proteus is Integrated Project Controls, Program Management and Portfolio Management software. Among the new Proteus’s capabilities is the incorporation of enhanced cost and schedule risk analysis combined with Intaver’s RiskyProject qualitative and quantitative risk analysis application. The new risk functionality uses open-systems data transformation processes to make project schedule data transparent using the industry and government PM standard IPMDAR schema. Open interfaces between RiskyProject and Proteus Envision allow for the utilization of neutral scheduling data to run both Joint Confidence Level (JCL) risk and Schedule and Cost Risk Analysis processes. The COTS visualization capabilities of Proteus Envision provides qualitative and quantitative time-phased and drill-down analytical capabilities into integrated risk analysis.
June 17, 2022
Intaver Institute at the AACEI 2022 Conference & Expo, June 28-28, 2022 in San Antonio
Intaver Institute exhibits RiskyProject project risk management and risk analysis software at AACEI 2022 Conference & Expo, June 28-28, 2022 in San Antonio. The Conference & Expo convenes the leading cost and project controls experts and dedicated professionals in the world. Established in 1956, AACE International is the Association for the Advancement of Cost Engineering. Together with the AACE International Certification Institute, it serves over 10,000 members and certificants in 100 countries.
June 14, 2022
Intaver Institute at the Advances in Decision Analysis Conference (ADA 2022) June 22-24, 2022
Intaver Institute presents its project decision analysis methodology at Advances in Decision Analysis Conference (ADA 2022). Intaver will present its research “Decision Analysis of Project Schedules” at the conference. The workshop is conducted at the Darden Business School, Washington DC Campus. The conference aims to bring together scientists working in decision analysis, broadly defined. The conference will provide a platform for interdisciplinary discussions and will include talks by researchers in decision analysis, behavioral economics, judgment and decision-making, machine learning, statistics, and other related disciplines with a prescriptive focus.
May 17, 2022
Intaver Institute at the ICEAA 2022 Workshop
Intaver Institute exhibits its project risk management and risk analysis software at ICEAA 2022 Professional Development & Training Workshop. Intaver will also present paper “Cost and Schedule Risk Analysis of Megaprojects” at the workshop. The workshop is conducted at Wyndham Grand Pittsburgh Downtown. Intaver presentation will cover the unique approaches that Intaver Institute has developed to manage the unique challenges posed by the emergence of mega projects.
April 26, 2022
New webinar “RiskyProject software suite v7.2”
In this webinar we will show you new features of project risk management and risk analysis software RiskyProject version 7.2.
Date: Tue May 13, 2022
Time: 10:00 AM – 11:00 AM MDT
To register for webinar click here
April 25, 2022
New Major Release of RiskyProject software suite v7.2 is now available
Intaver Institute Inc. has announced the release of RiskyProject 7.2. RiskyProject project risk analysis and risk management software version 7.2 includes:
- Customizable risk and project dashboards
- Customizable risk form
- Improved mitigation planning including importing of mitigation plans
- Improved Monte Carlo simulations.
- … and more
Exclusive for the Enterprise version is Organizational Breakdown Structure (OBS) and Active Directory support, Multiple Risk Matrix depository, and Mitigation Projects. For more information please read our press release.
February 25, 2022
New Partner Cameose Solutions Ltd.
Intaver Institute recently signed a strategic partnership agreement with Cameose Solutions Ltd. Located in Calgary, Alberta, Canada. Cameose provides effective cost solutions and expert project management services to stakeholders who manage capital project execution and delivery in the following areas.
- Project Scope Management using Advanced Work Packaging.
- Cost Management software implementation and customizations.
- In-house cost management solutions development.
- Consulting services in the areas of estimating, planning & scheduling, cost control, risk analysis and claims management.
January 18, 2022
Intaver Institute will be presenting at the ICEAA 2022 Workshop
As projects become larger and more complex, understanding how to perform valid cost and schedule risk analysis is challenging. Intaver Institute will present “ Cost and Schedule Risk Analysis of Megaprojects” at the 2022 ICEAA Professional Development & Training Workshop (May 17 – May 19, 2022 in Wyndham Grand Pittsburgh Downtown. This presentation will cover the unique approaches that Intaver Institute has developed to manage the unique challenges posed by the emergence of mega projects.
December 19, 2022
Intaver Institute interview on Calgary Next QR770
Michael Trumper, partner at Intaver Institute was interviewed by Calgary NEXT hosts David Wallach and Tara McCool, to discuss the exciting and forward-looking programs and initiatives in our Calgary. A recording of the interview can be found here.
November 26, 2021
Intaver Institute Will Attend Industry Events in 2022
Intaver Institute will present its RiskyProject Project Risk Management and Risk Analysis Software and its project risk management methodology on a number of industry events. It includes 2022 ICEAA Professional Development & Training Workshop (May 17 – May 19, 2022 in Wyndham Grand Pittsburgh Downtown), 2022 AACEI Conference & Expo (June 26-29, 2022 in San Antonio Marriott River Center), 2022 NCMA World Congress (17 – 20 Jul 2022, in Hyatt Regency Hotel, Chicago).
September 23, 2021
New webinar: PRA 101: Introduction to implementing Project Risk Analysis
Intaver Institute announced new webinar – PRA 101: Introduction to implementing Project Risk Analysis: The webinar will be held on Tue, Dec 7, 2021 10:00 AM – 11:00 AM MST.
Introducing Project Risk Analysis to your organization is not a trivial process. It requires additional resources, processes, and buy in from your team and management. If Project Risk Analysis is not implemented properly it may become a bureaucratic exercise or be abandoned altogether. In this webinar we will draw upon over 20 years of customer experience to provide some advice on what the major challenges are and how you can prepare for them:
- Why Project Risk Analysis would be beneficial for your organization?
- What types of Project Risk Analysis can be conducted?
- What data is required?
- What are the results of analysis?
- How and to who will you report result of analysis?
July 12, 2021
New webinar: Risk Analysis of Mega Projects
Intaver Institute announced new webinar: Risk Analysis of MegaProject on September 14, 2021. Schedule and cost risk analysis of large programs in can be complex, time consuming, difficult to perform, and may not give meaningful results. What are the best approaches to minimize efforts and allow for a valid risk analysis?
In this webinar, we will look the advantages and drawbacks of both approaches and demonstrate new features in RiskyProject that help to simplify the process while ensuring the validity of both the risk model and the results of the analysis.
May 17, 2021
Risk Analysis and Project Control
Intaver Institute published new video: Project Analysis and Project Control as a preview to our next webinar which will take place on June 1, 2021. In this webinar you will learn how to track actual project performance that includes risks, update your schedule risk model and run a simulation on each phase of the project, forecast project cost and schedule based on results of project control.
April 8, 2021
Intaver Institute’s Presentation at the 2021 NASA Cost and Schedule Symposium
Performing cost and schedule risk analysis on large complex presents unique challenges to organizations. On Wednesday April 21st Intaver Institute will be presenting “Risk Analysis of Large Integrated Project Schedules in Aerospace Industry” at the 2021 NASA Cost and Schedule Symposium. This presentation will cover some of the unique techniques that they have developed to minimize the resources required to generate valid analysis of large complex plans that are characteristic of modern Aerospace projects. Enquiries regarding registration for this event can be made at https://www.nasa.gov/offices/ocfo/cost_symposium. If you are unable to attend and would like to view the presentation, please contact Intaver Institite to request a copy.
March 11, 2020
New webinar “Integrating Project Risk Analysis and Project Control”
Intaver Institite announced new webinar “Integrating Project Risk analysis and Project Control” on June 1st, 2021. Project risk analysis and project control are not completely separate processes. In a well-managed project, the two processes are integrated during project execution. Project control helps to understand how much work has been performed, how long it has taken, and how much has been spent. However, the project risks are also not static, new risks can appear, other risks may be retired, and risk probability and impact may change. Regular project risk analysis allows project teams to forecast what happen with project on each phase of project execution. In this webinar you will learn how to:
- Track actual project performance that includes risk
- Update your schedule risk model and run a simulation on each phase of the project
- Forecast project cost and schedule based on results of project control
January 29, 2021
New Video: Methods for Eliciting Judgement for Risk Assessments
Intaver Institute published new video: Methods for Eliciting Judgement for Risk Assessments. To perform project risk analysis we need to identify risks which can affect your project, define probability and outcome, analyze risk mitigation and response plans. This can be done by group of experts. What is the best way to elicit judgement from the group?
January 21, 2021
Verano is New Intaver Institute Partner
Intaver Institute is happy to announce a new partnership with Verano, a leading provider of project management solutions. Founded in 1982, with offices in throughout South America and México, Verano is the regions leading provider of project management software and consulting sevices. This is a great opportunity for us and Verano is well established and respected organization and is able to provide in best in class support and expertise to our users in this region”, says Intaver Institute’s Business Development manager Michael Trumper. Verano provides software solutions for project management, covering commercialization, on-site and on-line training, EAD, technical support, integration, and assisted operation for Engineering & Construction, Public Sector, Utilities, Oil & Gas, Manufacturing, Aerospace & Defense and Information Technology.
For more information visit www.verano.com.br
December 28, 2020
New Article “Improving Performance of Monte Carlo Simulations for Project Portfolios Risk Analysis”
Intaver Institute published new article “Improving Performance of Monte Carlo Simulations of Project Portfolios Risk Analysis”. Project portfolios tend to be large and very complex and any comprehensive analysis of them mirrors this complexity. Project portfolio Monte Carlo risk analysis requires additional consideration as they can have a large number projects with interdependencies between projects. This article explains a number of modeling methods, which are intended to improve performance of Monte Carlo simulations. Most algorithms described in this article either already implemented in RiskyProject or will be implemented in next version in 2021.
To read article please click here
October 13, 2020
New webinar: How Risk Events and Uncertainties can affect your project
Intaver Institute announced new webinar: How Risk Events and Uncertainties can affect your project. The webinar will be held Tuesday December 8th, 2020 10 am – 11 am MDT. In this webinar you will learn:
- What are uncertainties and risks events?
- What is manageable vs unmanageable risk?
- When should you use risk events vs uncertainties?
- How to model risks and uncertainties for cost and schedule?
- What are the sources of risk data?
Click here for webinar video
October 5, 2020
Gapro Ecuador joins Intaver Institute’s growing network of South American partners
Intaver Institute is pleased to announce our new partnership with Gapro Ecuador, that adds to our growing network of partners in this region. “South America represents one of the fastest growing sectors in the adoption of best in class project risk analysis and management tools and processes, and we believe that Gapro will Intaver to increase both the scope and quality of its market presence in this area “ , said Michael Trumper, Intaver Institute’s business development manager.
Gapro is an Ecuadorian company with extensive experience in the telecommunications and information technology industry, as well as in consulting and project management at a national and international level. Gapro provides high quality PMP®, PMI-RMP®, PMI-SP®, PMI-ACP® CSM®, CSPO® & ITIL®, GPR certifications, aimed at contributing to the achievement of institutional objectives of Ecuadorian industries and companies. Gapro’s products provide value to their clients by allowing them to know, learn, implement and use Project Management as a basic focus of their own value generation process.
August 5, 2020
New Panamanian Partner: ICSSA
Intaver Institute is pleased to announce a new partner ICSSA, located in Panama. ICSAA was founded in 2018 and offers a variety of project management services including training in project management and project risk management, advisory, consultancy, and business and engineering solutions with a focus in the construction, technology and telecommunications sectors .
July 30, 2020
Intaver Institute Announced New Webinar: How to Use the Results of Your Project Risk Analysis
New webinar “How to Use the Results of your Project Risk Analysis” will be conducted on Tuesday September 8, 2020, 10 am – 10:30 am MDT. You have taken a lot of time and effort into creating your risk model and have just run a Monte Carlo simulation on it. But at this point, you job is only half done. The next step is to property interpret result of project risk analysis to improve change of your project success.
In this webinar you will learn:
• What is risk adjusted project schedule and how to use it
• Use histograms and charts to understand how confident you should be that your current project will be delivered on time and budget.
• How identify prioritize activities and risks that your team should focus optimization efforts.
• How to optimize you risk mitigation strategies.
• Increase project success by generating risk adjusted cost contingency and schedule margins
June 22, 2020
New webinar on Project Risk Analysis in the Construction Industry
Intaver Institute Inc. announced new webinar “Lessons Learned from Project Risk Analysis in the Construction Industry” on Tuesday July 7, 2020, 10 am – 11 am MDT. Construction projects face a myriad of risks that can quickly balloon costs and delay completion. These risks come from many sources including financial, political, regulatory, environment and execution. Join us for 30 minutes webinar to discover lessons from construction risk analysis, which can be applicable for other industries. In this webinar, you will learn how construction project managers perform integrated cost and schedule risk analysis. This includes:
- What is so unique about construction project risk analysis
- Why construction projects are often behind schedule and over budget
- Risk analysis in bidding process
- Critical Path for construction schedules with risks and uncertainties
- Risk associated with resources in construction projects
- Examples of project risk analysis of construction schedules
May 14, 2020
New article: Project Risk Analysis for Information Systems
Intaver Institute published new article “Project Risk Analysis for Information Systems“. Development and operation of information systems has significant risks and uncertainties. To minimize the impact and reduce the probability of such risks organizations involved in development of information systems applied project risk analysis and risk management processes. The paper describes how the project risk analysis process is tailored for information system projects. It expands the scope of traditional project risk analysis by utilizing an enterprise risk register. Risks are assigned to different projects within a portfolio, and to different tasks within projects. Quantitative risk analysis using Monte Carlo simulations helps to determine risk adjusted project schedules, rank risks within risk register, and determine efficiency of risk mitigation and response efforts. The process was applied as part of the project management of multiple information system projects worldwide.
For other Intaver Institute’s article click here
May 3, 2020
New video “How to Determine Duration of Drugs or Vaccine Development“”
Intaver Institute’s RiskyProject software is used by pharmaceutical companies to estimate duration and cost of drug and vaccine development with risk and uncertainties. Intaver Institute recently published new video “How to Determine Duration of Drugs or Vaccine Development“ on our YouTube channel. It explains specifics of project risk analysis in pharmaceutical industry and explains how to manage uncertainties in drug and vaccine development projects.
March 18, 2020
New article “Interpreting Results of Quantitative Risk Analysis”
Intaver Institute publishes articles and white papers written by Intaver’s staff on project risk management and project risk analysis. New article is called “Interpreting Results of Quantitative Risk Analysis”. The results of project risk analysis need to be properly interpreted to make meaningful decisions. In this article, we will discuss sensitivity analysis, interpreting frequency histograms, and calculating project contingency. In the end, we will learn how to rank events and event chains based on results of Monte Carlo simulation.
March 03, 2020
New Webinar: Risk Mitigation Planning and Scenario Analysis
Intaver Institute announced new webinar “Risk Mitigation Planning and Scenario Analysis”. The webinar will be held on Tuesday April 7, 2020, 10 am – 11 am MDT. Risk analysis will not only tell us how critical are certain risks, but also what is the most effective way to minimize the impact of these risks on your project. Some mitigation plans can cost more than others and significantly increase duration of the project. One of the way to determine efficiency of mitigation plans is perform risk analysis with multiple scenarios. Scenario analysis is useful for selecting optimal project strategies. In this webinar, you will learn how to:
- Create risk handling scenarios using baselines
- Compare scenarios impacts on project cost and schedule
- Analyze mitigation plan using multiple scenarios
- View a risk score across multiple baselines
Webinar preview:
January 21, 2020
New Webinar: Cost Risk Analysis
Intaver Institute announced new webinar: Cost Risk Analysis. The webinar will be held Tuesday, January 21, 2020. Time: 10 am – 11 am MDT. Cost risk analysis is the companion to schedule risk analysis, but it is often not integrated with the schedule risk analysis. Project cost is uncertain: it is affected by events and uncertainties. To keep a project on budget, it is important to create risk adjusted project budget. It is also critical to perform cost control with risks and uncertainties when project progresses. In this webinar we will show how to:
- Perform a simple cost risk analysis
- Perform cost analysis using schedule risks and uncertainties
- Perform cost analysis using resource risks
- Analyze project cash flow
- Perform project cost tracking with risks and uncertainties
- Apply Earned Value Method (EVM) to control cost with risks and uncertainties
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