RiskyProject. Project Risk Management Software

Transcription

1 Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) Fax: +1 (403) RiskyProject 1

2 Project Scheduling Risk Register Quantitative risk analysis using Monte Carlo simulations Project performance measurement Risky Project gives you a simple answer to a common question: What will happen to your project if certain risks occur? RiskyProject is Windows-based project risk management software. What Is RiskyProject? 2

3 Projects consistently fail to meet: Budget Schedule Quality Safety Technology Other measures The Project Management Problem 3

4 Human psychological limits Inadequate training Poor processes others Reasons The Project Management Problem 4

5 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? Key Project Management Issues The Project Management Problem 5

6 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 Project risk management made simple The RiskyProject Solution 6

7 Provide state of art quantitative project risk management tools Low cost Ease of implementation Limited initial training required Scalable Project risk management for Project Managers The RiskyProject Solution 7

8 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 RiskyProject Features 8

9 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 RiskyProject Features (Continued) 9

10 WBS Resources Costs Risk Register or Risk Lists RiskyProject uses common PM artifacts RiskyProject Workflow 10

11 RiskyProject Workflow 11

12 Enter resources, cost and income for each task Enter complete WBS, as it is done in other project management software You may also import project schedules from other scheduling tools, such as Microsoft Project or Primavera. Define Project Schedule 12

13 Risk Register Risk register view Separate opened and closed risk and issues Separate threats or opportunities Pre mitigation Probability, Impact, and Score Post mitigation Probability, Impact, and Score 13

14 Risk description and status Management Strategy Cost of Risk Review Timeline Double-click on a risk to view or modify Risk Information Risk Form 14

15 Outcome Types are now qualitative Outcomes for risk categories are qualitative and are based on risk matrix settings If no schedule is attached, qualitative risk assessments can be performed Qualitative Risk Analysis: Define Risk Probabilities and Impacts 15

16 Add mitigation or risk response plans (cost, expected reduction in probability and impact, an descriptions. Plans can have sub-plans Mitigation Plans 16

17 Track total cost, expected reductions in probability or impact and dates for mitigation plans Mitigation Waterfall Chart 17

18 All risk reviews with details can be saved and tracked in system Risk Reviews and Risk History 18

19 If schedule is attached, quantitative risk assessments is performed Risks can be global (for all tasks or resources) or local (for specific tasks or resources) Assign Risks to Tasks and Resources Define risk chance, outcome and result. Risks can have mutually exclusive outcomes, different outcomes of the same risk 19

20 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 Statistical Distributions 20

21 When your project schedule and risk breakdown structure is ready, click here to perform Monte Carlo simulations Monte Carlo Simulation 21

22 White bars represent original project schedule (no risks) Blue bars represent project schedule with risks Compare original project schedule and result of analysis Result Gantt Chart 22

23 Results of Risk Analysis Results of analysis for project cost, finish time, and duration Double click on any chart to view detailed information Project Summary: project duration, cost, and finish time with and without risks 23

24 Detailed results can be shown for each task or project for cost, duration, start time, finish time, and income. Move the slider to determine the chance that project will be within budget Detailed Results of Analysis Get detailed statistical data Data can be exported as an image or text 24

25 Cost chart is generated based on fixed and variables cost and income associated with tasks and resources Compare forecasted project costs with (blue line) and without (red line) risks Cost, Income and Revenue 25

26 Probabilistic Cash Flow Analysis Cash flow is generated based on fixed and variables cost and income associated with tasks and resources Compare cash flows with (blue bars) and without (red line) risks 26

27 Prioritize critical risks Tornado chart shows risks or other parameters that have the most affect on the project schedule Sensitivity Analysis 27

28 Crucial tasks for project cost and duration can be different Crucial Tasks Crucial tasks have the most effect on the project schedule 28

29 This task has low duration but high risk These tasks have balanced risk versus duration ratio. Risk chart shows task duration and versus risk, associated with task Risk Chart 29

30 Risk Matrix Risk Probability, Impact and Score for the current schedule 30

31 3 most important project parameters (cost, duration, and finish time) 3 most crucial tasks Project Dashboard 3x3 is a condensed view of the most important results of analysis Project Dashboard 3x most critical risks

32 For each task at any moment you may enter how much work has been completed Risky project automatically adjusts the probability of risks for partially completed tasks This task is 100% completed (green bar) Project Tracking This task is partially completed (yellow bar) 32

33 New project forecast is done each time actual project data is entered. Low, base, and high forecast Tracking Results Original (baseline) project duration Actual project duration 33

34 Risk register allows you to compare pre and post mitigation risk scores Pre and post mitigation risk scores Select pre and post mitigation baselines to view on risk register View mitigation efforts Advanced Project Risk Management 34

35 View results for each baseline Select the working schedule that you will use to manage the project Select the current schedule Compare results for each baseline Compare different baselines Advanced Project Risk Management 35

36 Model different scenarios when project activities are uncertain Gives EV of project given uncertainties in project activities Run alternative project branches probabilistically Conditional and Probabilistic Branching Advanced Project Risk Management 36

37 Risk tab installed on Microsoft Project ribbon allows users move projects seamlessly into RiskyProject Integration with Microsoft Project and Other Project Management Software RiskyProject can import schedules from Oracle Primavera and other project management software. 37

38 Intaver Institute performs project risk management, risk analysis, and decision analysis training and consulting Intaver Institute s Services Project management: theory and best practices Introduction to project risk management: theory and case studies Project decision analysis Quantitative methods in project management Popular Intaver s training courses include: Introduction to RiskyProject: basic RiskyProject workflow and features Advanced features of RiskyProject Professional 38