RiskyProject Software Version 7.2
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RiskyProject is a project risk management software that allows users to perform quantitative risk analysis through Monte Carlo simulations. It integrates with project scheduling tools to assign risks to tasks. RiskyProject's features include a risk register, statistical analysis of cost and schedule risks, sensitivity analysis to determine critical risks, and forecasting project completion based on actual performance tracking. The software provides a simple way to evaluate what may happen to a project if certain risks occur.
RiskyProject Software Version 7.2
- 1. RiskyProject Project Risk Analysis and Project Risk Management Software Suite
- 2. WHAT IS RISKYPROJECT? 2 • Project Scheduling • Risk Register • Quantitative risk analysis using Monte Carlo simulations • Project performance measurement RiskyProject is Windows-based project risk management software. Risky Project gives you a simple answer to a common question: What will happen to your project if certain risks occur?
- 3. THE PROJECT MANAGEMENT PROBLEM 3 Projects consistently fail to meet: • Budget • Schedule • Quality • Safety • Technology • Other measures
- 4. THE PROJECT MANAGEMENT PROBLEM 4 Reasons • Human psychological limits • Inadequate training • Poor processes • others
- 5. THE PROJECT MANAGEMENT PROBLEM 5 Key Project Management Issues • How to estimate project duration or cost? • What are the most critical risks and how to mitigate them? • How to measure project performance? • How to make an informed decision about future course of the project?
- 6. THE RISKYPROJECT SOLUTION 6 Project risk management made simple • RiskyProject is consistent with PMI PMBOK. Risky Project supports the full project risk management process. • RiskyProject is very easy to use. RiskyProject is uses a scheduling interface similar to other project popular project management tools. • RiskyProject has low implementation and support costs. Compared with the comparative products, RiskyProject provides unmatched value
- 7. THE RISKYPROJECT SOLUTION 7 Project risk management for Project Managers • Provide state of art quantitative project risk management tools • Low cost • Ease of implementation • Limited initial training required • Scalable
- 8. KEY RISKYPROJECT FEATURES 8 • Full scheduling engine with costs and resources • Full risk register that links to project schedules • Quantitative and qualitative analysis • Project control with risks and uncertainties • Integration with Microsoft Project, Primavera, or other project management software • Analysis of critical risk events, which need to be mitigated first • Product lifecycle management • Probabilistic and conditional branching • Managing mitigation and response plans • “What if “ analysis • Advanced reporting tools • Multiple statistical distributions and distribution fitting • … and more
- 9. RiskyProject uses common PM artifacts • WBS • Resources • Costs • Risk Register or Risk Lists RISKYPROJECTWORKFLOW
- 10. RISKYPROJECTWORKFLOW RiskyProject’s workflow is compatible with PMI, Prince II, and other risk management processes
- 11. DEFINE PROJECT SCHEDULE You may also import project schedules from other scheduling tools, such as Microsoft Project or Oracle Primavera. Enter resources, cost and income for each task Enter complete WBS, as it is done in other project management software
- 12. INTEGRATION WITH SCHEDULING SOFTWARE RiskyProject’s Add – in installed on the Microsoft Project ribbon allows users move projects seamlessly into RiskyProject RiskyProject can import schedules from Oracle Primavera and other project management software. Microsoft Project RiskyProject Add-in for Microsoft Project Defining Statistical Distribution in Microsoft Project
- 13. RISK REGISTER Pre mitigation Probability, Impact, and Score Post mitigation Probability, Impact, and Score Separate opened and closed risks, risk, issues, lessons learned Separate threats or opportunities Risk register view
- 14. CUSTOMIZABLE RISK FORM Double-click on a risk to view or modify Risk Information Risk description and status Management Strategy and Risk Ownership Cost of Risk Risk Trigger and Response Plan Edit Risk Form Layout: You can define any risk properties
- 15. MITIGATIONWATERFALL CHART Track total cost, expected reductions in probability or impact and dates for mitigation plans Compare actual and planned mitigation efforts You can associate tasks on the project schedule with mitigation plans Waterfall Chart: How risks are changing over time
- 16. RISK REVIEWS AND RISK HISTORY All risk reviews with details can be saved and tracked in system Next review timing Information about risk reviews Risk History Log: All changes to risk properties, probabilities and impacts
- 17. RISK DASHBOARD Select different charts, graphs and indicators. Draw and drop then on the dashboard Create any number of tabs representing different dashboards
- 18. ASSIGN RISKSTOTASKS AND RESOURCES If project schedule is available, quantitative risk assessments is performed Drag and drop risk on particular task or group of tasks Define risk chance, outcome and result. Risks can have mutually exclusive outcomes, different outcomes of the same risk Risks Tasks
- 19. STATISTICAL DISTRIBUTIONS If you enter only the low, base and high cost, duration, start time and income, RiskyProject will generate statistical distribution based on this data In addition to risk events you may define uncertainties as statistical distributions for: • task cost • task start time • task duration • income associated with task
- 20. MONTE CARLO SIMULATION When your project schedule and risk breakdown structure is ready, click here to perform Monte Carlo simulations
- 21. RISK ADJUSTED PROJECT SCHEDULE White bars represent original project schedule (no risks) Compare original project schedule and result of analysis Blue bars represent risk adjusted project schedule (with risks and uncertainties)
- 22. PROJECT DASHBOARD 22 Select different charts, graphs and indicators. Draw and drop then on the dashboard Create any number of tabs representing different dashboards
- 23. RESULTS OF RISK ANALYSIS Results of analysis for project cost, finish time, and duration Double click on any chart to view detailed information The meters show project risk score for cost and duration Project Summary: project duration, cost, and finish time with and without risks
- 24. DETAILED RESULTS OF ANALYSIS Move the slider to determine the chance that project will be within budget Get detailed statistical data Data can be exported as an image or text Detailed results can be shown for each task or project for cost, duration, start time, finish time, and income.
- 25. COSTVS. SCHEDULE SCATTER PLOT Move the slider to determine the chance of meeting both schedule and budget Base Estimate indicated by yellow dot This plot is often referred to as the “Bull’s eye” or “Football” chart
- 26. COST ANALYSIS Project cost with risks (blue line) Cost chart is generated based on fixed and variables cost and income associated with tasks and resources Project cost without risks (red line) Actual cost (green line)
- 27. PROBABILISTIC CASH FLOW ANALYSIS Cash flow with risks (blue bars) Cash flow is generated based on fixed and variables cost and income associated with tasks and resources Project cost without risks (red line) Actual cost (green line)
- 28. SENSITIVITY ANALYSIS Tornado chart shows risks or other parameters that have the most affect on the project schedule Prioritize critical task or risks
- 29. CRUCIALTASKS Crucial tasks have the most effect on the project schedule Crucial tasks for project cost and duration can be different Crucial tasks are red
- 30. RISK CHART Risk chart shows task duration and versus risk, associated with task This task has low duration but high risk These tasks have balanced risk versus duration ratio.
- 31. RISK MATRIX Risk Probability, Impact and Score for the current schedule Probability vs. Impact Chart Filter Risks based on Severity
- 32. PROJECTTRACKING This task is partially completed (yellow bar) Risky project automatically adjusts the probability of risks for partially completed tasks This task is 100% completed (green bar)
- 33. FORECAST PROJECT FINISHTIME Original (baseline) project duration Actual project performance Low, base, and high forecast
- 34. • View results for each baseline • Select the working schedule that you will use to manage the project Compare different baselines Select the current schedule Compare results for each baseline MANAGING BASELINES
- 35. BRANCHING • Model different scenarios when project activities are uncertain • Calculate Expected Value of project given uncertainties in project activities Conditional and Probabilistic Branching Run alternative project branches probabilistically
- 36. • Model non working days due to weather WEATHER CALENDAR Weather Calendar Non working days due to weather Weather calendar settings: number of non-working days due to weather each month
- 37. RiskyProject Learn more about RiskyProject www.intaver.com Intaver Institute Inc. 400, 7015, Macleod Tr. S. Calgary, AB, Canada Tel: +1 (403) 692-2252 4280 East Tamiami Trail, 302-M, Naples Florida, 34112, USA Tel: +1(510) 984 3527