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Project Risk Analysis and Risk Management Software RiskyProject version 7.1
RiskyProject version 7.1 is a project risk analysis and management software with new features including critical path analysis, improved risk report generation, and incident management capabilities. The software allows for enhanced filtering and sorting of risk registers, integrates with Microsoft Excel for data export, and offers scenario analysis through cumulative probability plots. Additionally, the user interface has been improved, and the software can automatically calculate expected loss from risks based on Monte Carlo simulations.
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Project Risk Analysis and Risk Management Software RiskyProject version 7.1
- 1. RiskyProject Project Risk Analysisand Risk Management Software Version 7.1 Intaver Institute Inc. www.intaver.com New Features
- 2. Critical Path andCriticality Index Critical tasks are shown in red Criticality Index: how many times this task was on the critical path.
- 3. Schedule Diagnostics DCMA 14point schedule inspection Metrics to measure quality of project schedule DCMA 14 points inspection defined by Defense Contract Management Administration is a de-facto standard in schedule analysis. Potential issues in the project schedule: click on each issue to see associated tasks Schedule statistics
- 4. Improved Filtering andSorting of the Risk Register Multiple Tabs: multiple views of the Risk Register with different sets of columns and filters Excel-like sorting and filtering of Risk Register
- 5. Schedule Consolidation Before Consolidation AfterConsolidation Number of tasks before and after consolidation
- 6. Uncertainty Bands Color forlow/base/high duration show uncertainty band Enter Uncertainty Band for Selected Tasks Define Uncertainty Bands
- 7. Export to MicrosoftExcel Click Export to Excel in any view Excel will be automatically launched
- 8. Import Schedule forOracle Primavera XER Files Click here to import a schedule from Oracle Primavera
- 9.
- 10. Scenario Analysis usingMultiple Cumulative Probability Plots Curves are associated with results of analysis for different baselinesEnabled cumulative probability curve for this baseline
- 11. Risk Assignment View Listof assignment of all risks to different tasks and resources Easy way to view risk all assignments
- 12. Incident Management New IncidentTab in RiskyProject Enterprise List of Incidents with their properties View Incident statistics Define Incident classification and customize properties
- 13. Other New Features •Automatic Calculation of the Cost of Risk • Actual Work Input • User Interface Improvements RiskyProject now can automatically calculate the Expected Loss of each risk based on results of Monte Carlo simulations
- 14. Questions? Please contact us IntaverInstitute Inc. 400, 7015 Macleod Trail S.W, Calgary, AB, Canada Tel: +1(403)692-2252 www.intaver.com Intaver Institute Inc. US Office 4280 East Tamiami Trail, 302-M, Naples Florida, 34112, USA Tel: +1(510) 984 3527
Editor's Notes
- #2 This video will cover the main new features in the latest release of RiskyProject. RiskyProject 7.1 is a significant update and includes many new features and improvements that have been developed since our last major release in June of 2017.
- #3 RiskyProject can now calculate critical path, determine critical tasks, and calculate critical path metrics, such as the Criticality index as part of both deterministic calculations and Monte Carlo simulations. Criticality index shows how many times a task was on the critical path during Monte Carlo simulations.
- #4 The new schedule diagnostics performs detailed analysis of project schedule integrity, including DCMA 14 point schedule assessment. The DCMA 14 point inspection defined by Defense Contract Management Administration is a widely accepted standard in schedule diagnostics.Diagnostic includes customizable set of 21 tests, which checks schedules for logical errors, ensures that it is aligned with scheduling best practices, and optimized for Monte Carlo simulations.
- #5 RiskyProject now includes Excel-style filtering and sorting of the Risk Register based on content of each column. In addition, can now create different views of the same risk register with a different set of columns filtered and sorted in different orders. These views are presented as different bottom tabs in the Risk Register.
- #6 Schedule Consolidation generates an equivalent project schedule with the same duration and cost by consolidating sequential tasks, removing redundant summary tasks, and other optimizations. Schedule consolidation is useful to increase performance of Monte Carlo simulations of very large schedules.
- #7 Uncertainty bands are predefined ranges of coefficients used to automatically calculate values for low and high durations and fixed costs for the selected tasks. Tasks that have similar relative ranges of uncertainty are assigned different shading for quick identification on Project views. Uncertainty bands include an interface that allows users to easily assign bands to selected tasks.
- #8 You can now export any data tables directly to Microsoft Excel and automatically launch Excel. This includes an option to format the Excel report.
- #9 You can now import from Oracle Primavera schedules saved in XER format. Previous versions of RiskyProject were limited to opening P6 schedules that were in Microsoft Project XML format also supported by Oracle Primavera.
- #10 The Risk report now includes risk reviews and formatting of risk report has also been improved.
- #11 Scenario analysis can now be performed using multiple baselines plotted as S-curves associated with results of Monte Carlo simulations of different baselines at both the project or task level. By viewing multiple cumulative probability plots, you can compare uncertainties in different project scenarios.
- #12 The Risk Assignment View is the list of all risk assignments to tasks and resources. The view allows you to re-assign risks to different tasks and resources, define correlations, and create a report of risk assignments. It includes both global and local risks.
- #13 The Incident management module is available with the Enterprise version. Incident management has a similar workflow to our risk management, but uses different views and has separate reports based on incident properties.
- #14 RiskyProject usability has undergone multiple improvements, including introduction of Microsoft Office 2016 and later UI conventions. In addition, the Risk Register usability has been improved by introducing advanced customization of column headers.