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?

Click here to register for webinar

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.

Click here for webinar recording

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 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

Register for Webinar

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?

Click here to watch the video

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

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


Click here for webinar preview

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.

Click here to view our YouTube Channel

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.

Click here to read new article

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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