RiskyProject 7.2 is a major software release. It includes multiple improvements for both its project risk management and risk analysis capabilities.

New features of RiskyProject Professional and Enterprise

Risk Dashboard
New Risk Dashboard

Risk Dashboard presents hundreds of different key performance indicators (KPIs) and charts related to your risks with a fully customizable Risk Dashboard. Dashboards can present data in a variety of ways including charts – line, area, pie, scatter, bar (including frequency histogram), meters, and risk matrixes. You can place them in different areas on the dashboard, and adjust their size, colors, and other properties. Dashboards can be annotated using text, lines, and images. Dashboards can be printed or exported.

Project Dashboard
Re-Designed Project Dashboard

The Project Dashboard is a now a customizable view and includes information about projects including results of Monte Carlo simulation, multiple KPIs and charts.

Risk Form
Risk Form

Risk Form is a fully customizable form to enter risk properties, as well risk probabilities and impacts. You can create any risk properties or select them from the list of predefined properties. Then you can drop them on the form. The form can be annotated with lines and text. Once you design a form it can be used for all future projects.

Linking Mitigation Plans
Linking Mitigation Plans to Tasks

Mitigation plans can now be linked to tasks or a group of tasks within a project schedule. This linking will read the schedule data into the mitigation plan to calculate costs and planned finish and actuals. You can now manage groups of tasks as mitigation activities. Also, mitigation plans can now have multiple custom fields, which you can use as mitigation plan properties.

Low High Results Of Cost Analysis
Low and High Cost Results Charts

Low and High Cost Results Charts present presents low and high results of Monte Carlo simulation in the Cost Analysis chart.

Filter Tasks
Schedule Data Import and Filtering

Filter list of tasks or resources based on certain condition. It helps in managing large schedule. Also you can import more data fields from Microsoft Project and Primavera.

Beta Pert Distribution
Improved Beta Pert Distribution

The new algorithm better represents uncertainties in the low and high boundaries of the distribution.

Using Empirical Data

if you have empirical data for task duration and cost in Excel or text format, you can use it to generate a custom statistical distribution. You can import results of analysis, performed by other software or use project control data from similar projects or activities.

Inserting Subprojects with Results of Simulations

you can now create a Summary or Master project schedule using the simulation results of subprojects. In these summary projects, the results of one or more subprojects (statistical results of a Monte Carlo simulation) are inserted as a task(s). This process allows you to analyze the results of projects and also use these analyses, as part of a larger summary project. This significantly reduces the calculation time and helps to simplify the management of large projects or programs.

Mitigation burndown structure

New Mitigation Assignment View helps define and edit mitigation plan assignment to different risks in one view. It shows how risk probability and impact will reduce over time due to mitigation efforts. Mitigation plan assignment now includes information of risk probabilities and impacts for individual categories, such as schedule, cost, technology, etc. In Mitigation Plan Assignment View you can view and modify dates, description, and probabilities and impacts associated with different mitigation steps for all risks.

Import of risk mitigation data from Excel

In addition to importing Risks Register from Excel, you can now import mitigation plans and as well regular mitigation status update information from Excel. Mapping to Excel fields and RiskyProject properties can be saved for importing of different Excel file with similar structure.

Multiple Risk Response Plans

Define any number of risk response plans assigned to one risk.

Most Likely Duration and Fixed Cost

Define most likely values for duration and fixed cost. While base duration and fixed cost are deterministic values from original project schedule, most likely duration and fixed cost are distribution parameters. Most likely values are now used in uncertainty bands.

Improved Calculation and Data Presentation Performance

Monte Carlo simulation performance and refresh rate of views, charts, and diagrams has been enhanced.

Improved User Interface

Usability has undergone multiple improvements, including introduction of new RiskyProject workflow bar. A number of dialog boxes that have been re-designed for better usability. This also includes a new Risk Trend view and improvements to other views.

Exclusive Features for RiskyProject Enterprise

Integration with Active Directory

RiskyProject Enterprise can now access Active Directory for information about organizational units, security groups and user and authenticate user based on Active Directory.

Organizational Units

Define multiple organizational units, subunits, and security groups. The user can be assigned to different organizational units or security groups. Assign and restrict risks to specific organizational units. Organizational units are properties of risks. It is now possible to filter risk register and any risk reports including risk matrix and risk trend charts based on organizational units.

Risk Mitigation Projects

Designate a project within your portfolio as risk mitigation project for specific risk. Such project may also have its own risks and uncertainties. It helps to choose most cost-effective risk mitigation strategy and manage risk mitigation activities for complete portfolio.

Multiple Risk Matrixes

RiskyProject Enterprise can now allow you to define different risk matrixes for projects and organizational units. Each risk matrix has its own unique name.