Download - Risky Project Presentation
RiskyProjectProject Risk Management Software
Intaver Institute Inc.303, 6707, Elbow Drive S.W, Calgary, AB, CanadaTel: +1 (403) 692-2252Fax: +1 (403) 459-4533www.intaver.com 1
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What Is RiskyProject?
• 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?
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RiskyProject Features• Full scheduling engine with costs and resources• Full risk register that links to project schedules• Quantitative and qualitative analysis• Risk+ replacement• Easy to use quantitative schedule risk analysis based on risk
events• Probabilistic cash flow analysis • Project tracking with risks and uncertainties• Integration with Microsoft Project, Primavera, or other project
management software• Optional decision tree analysis• Analysis of critical risk events which need to be mitigated first
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RiskyProject Features (Continued)
• Product lifecycle management• Risk templates• Probabilistic and conditional branching• Managing mitigation plans• “What if “ analysis• Advanced reporting tools• Risk event correlations• Multiple statistical distributions and distribution fitting
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Define Project Schedule
Enter complete WBS, as it is done in other project management
software
Enter resources, cost and income for each task
You may also import project schedules from other scheduling tools, such as Microsoft Project or Primavera.
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Risk Register
Pre mitigationProbability, Impact, and
Score
Post mitigationProbability, Impact, and
Score
Risk register view
Separate opened and
closed risk and issues
Separate threats or
opportunities
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Risk Form
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Risk description and status
Cost of Risk
Management Strategy
Review Timeline
Double-click on a risk to view or modify Risk Information
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Qualitative Risk Analysis: Define Risk Probabilities and Impacts
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If no schedule is attached, qualitative risk assessments can be performed
Outcome Types are now qualitative
Outcomes for risk categories are qualitative
and are based on risk matrix settings
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Mitigation Plans
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Add mitigation or risk response plans (cost, expected reduction in probability and impact, an descriptions. Plans can have sub-plans
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Mitigation Waterfall Chart
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Track total cost, expected reductions in probability or impact and dates for mitigation plans
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Risk Reviews and Risk History
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All risk reviews with details can be saved and tracked in system
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Assign Risks to Tasks and Resources
Define risk chance, outcome and result. Risks can have mutually exclusive outcomes, different
outcomes of the same risk
Risks can be global (for all tasks or resources) or local (for specific tasks or resources)
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If schedule is attached, quantitative risk assessments is performed
Statistical Distributions
In addition to risk events you may define uncertainties as statistical distributions for:• task cost• task start time• task duration• income associated with task
If you enter only the low, base and high cost, duration, start
time and income, RiskyProject will generate statistical
distribution based on this data20
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Monte Carlo Simulation
When your project schedule and risk breakdown structure is ready, click here to perform Monte Carlo simulations
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Result Gantt Chart
White bars represent original project
schedule (no risks)
Blue bars represent project schedule with
risks
Compare original project schedule and result of analysis
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Results of Risk AnalysisProject Summary:
project duration, cost, and finish time with
and without risks
Results of analysis for project cost, finish time, and
duration
Double click on any chart to view detailed information 23
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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.
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Cost, Income and Revenue
Compare forecasted project costs with (blue line) and without (red
line) risks
Cost chart is generated based on fixed and variables cost and
income associated with tasks and resources
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Probabilistic Cash Flow Analysis
Compare cash flows with (blue bars) and
without (red line) risks
Cash flow is generated based on fixed and variables cost and
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Sensitivity Analysis
Tornado chart shows risks or other parameters that have the most affect
on the project schedule
Prioritize critical risks
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Crucial Tasks
Crucial tasks have the most effect on the project schedule
Crucial tasks for project cost and duration can be different
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Risk ChartRisk 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.
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Risk Matrix
Risk Probability, Impact and Score for the current schedule 30
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Project Dashboard 3x3
3 most important project parameters (cost, duration,
and finish time)
3 most crucial tasks
3 most critical risks
Project Dashboard 3x3 is a condensed view of
the most important results of analysis
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Project Tracking
This task is 100% completed (green bar)
For each task at any moment you may enter how much work has been completed
This task is partially completed (yellow bar)
Risky project automatically adjusts the probability of risks for partially completed tasks
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Tracking ResultsNew project forecast is done each time actual project data is entered.
Original (baseline) project duration
Actual project duration
Low, base, and high forecast
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Advanced Project Risk Management
Select pre and post mitigation baselines
to view on risk register
Pre and post mitigation risk
scores
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Advanced Project Risk Management
Select the current schedule
Compare results for each baseline
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Advanced Project Risk Management
Run alternative project branches probabilistically
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Integration with Microsoft Project and Other Project Management Software
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Risk tab installed on Microsoft Project ribbon allows users move projects seamlessly into RiskyProject
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RiskyProject can import schedules from Oracle Primavera and other project management software.
Intaver Institute’s ServicesIntaver Institute performs project risk management, risk analysis, and decision analysis training and consulting
Popular Intaver’s training courses include:• Project management: theory and best practices
• Introduction to project risk management: theory and case studies
• Project decision analysis
• Quantitative methods in project management
• Introduction to RiskyProject: basic RiskyProject workflow and features
• Advanced features of RiskyProject Professional38
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