Presentation is loading. Please wait.

Presentation is loading. Please wait.

RiskyProject Project Risk Management Software

Similar presentations

Presentation on theme: "RiskyProject Project Risk Management Software"— Presentation transcript:

1 RiskyProject Project Risk Management Software
3/31/2017 2012 Intaver Institute Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) Fax: +1 (403) 1

2 What Is RiskyProject? RiskyProject is Windows-based project risk management software. 3/31/2017 Project Scheduling Risk Register Quantitative risk analysis using Monte Carlo simulations Project performance measurement 2012 Intaver Institute 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
3/31/2017 Budget Schedule Quality Safety Technology Other measures Projects consistently fail to meet: 2012 Intaver Institute 3

4 The Project Management Problem
Reasons Human psychological limits Inadequate training Poor processes others 3/31/2017 2012 Intaver Institute 4

5 The Project Management Problem
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? 3/31/2017 2012 Intaver Institute 5

6 The RiskyProject Solution
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 3/31/2017 2012 Intaver Institute 6

7 The RiskyProject Solution
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 3/31/2017 2012 Intaver Institute 7

8 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 3/31/2017 2012 Intaver Institute 8

9 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 3/31/2017 2012 Intaver Institute 9

10 RiskyProject Workflow
RiskyProject uses common PM artifacts WBS Resources Costs Risk Register or Risk Lists 3/31/2017 2012 Intaver Institute 10

11 RiskyProject Workflow
3/31/2017 2012 Intaver Institute RiskyProject’s workflow is compatible with PMI, Prince II, and other risk management processes 11

12 Define Project Schedule
3/31/2017 Enter resources, cost and income for each task Enter complete WBS, as it is done in other project management software 2012 Intaver Institute You may also import project schedules from other scheduling tools, such as Microsoft Project or Primavera. 12

13 Risk Register Risk register view
3/31/2017 2012 Intaver Institute Separate opened and closed risk and issues Pre mitigation Probability, Impact, and Score Post mitigation Probability, Impact, and Score Separate threats or opportunities 13

14 Risk description and status
Risk Form Double-click on a risk to view or modify Risk Information Risk description and status 3/31/2017 Management Strategy 2012 Intaver Institute Cost of Risk Review Timeline

15 Qualitative Risk Analysis: Define Risk Probabilities and Impacts
If no schedule is attached, qualitative risk assessments can be performed 3/31/2017 Outcome Types are now qualitative 2012 Intaver Institute Outcomes for risk categories are qualitative and are based on risk matrix settings

16 Mitigation Plans Add mitigation or risk response plans (cost, expected reduction in probability and impact, an descriptions. Plans can have sub-plans 3/31/2017 2012 Intaver Institute

17 Mitigation Waterfall Chart
Track total cost, expected reductions in probability or impact and dates for mitigation plans 3/31/2017 2012 Intaver Institute

18 Risk Reviews and Risk History
All risk reviews with details can be saved and tracked in system 3/31/2017 2012 Intaver Institute

19 Assign Risks to Tasks and Resources
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) 3/31/2017 2012 Intaver Institute Define risk chance, outcome and result. Risks can have mutually exclusive outcomes, different outcomes of the same risk 19

20 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 3/31/2017 2012 Intaver Institute If you enter only the low, base and high cost, duration, start time and income, RiskyProject will generate statistical distribution based on this data 20

21 Monte Carlo Simulation
3/31/2017 When your project schedule and risk breakdown structure is ready, click here to perform Monte Carlo simulations 2012 Intaver Institute 21

22 Result Gantt Chart Compare original project schedule and result of analysis 3/31/2017 White bars represent original project schedule (no risks) Blue bars represent project schedule with risks 2012 Intaver Institute 22

23 Results of Risk Analysis
Project Summary: project duration, cost, and finish time with and without risks 3/31/2017 Results of analysis for project cost, finish time, and duration 2012 Intaver Institute 23 Double click on any chart to view detailed information

24 Detailed Results of Analysis
3/31/2017 Move the slider to determine the chance that project will be within budget Detailed results can be shown for each task or project for cost, duration, start time, finish time, and income. 2012 Intaver Institute Get detailed statistical data Data can be exported as an image or text 24

25 Cost vs Schedule Scatter Plot
3/31/2017 Move the slider to determine the chance of meeting both schedule and budget Base Estimate indicated by yellow dot 2012 Intaver Institute This plot is often referred to as the “Bull’s eye” or “Football” chart 25

26 Cost, Income and Revenue
3/31/2017 2012 Intaver Institute 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 26

27 Probabilistic Cash Flow Analysis
3/31/2017 2012 Intaver Institute 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 27

28 Prioritize critical task or risks
Sensitivity Analysis 3/31/2017 Prioritize critical task or risks Tornado chart shows risks or other parameters that have the most affect on the project schedule 2012 Intaver Institute 28

29 Crucial Tasks 3/31/2017 Crucial tasks for project cost and duration can be different 2012 Intaver Institute Crucial tasks have the most effect on the project schedule 29

30 Risk Chart Risk chart shows task duration and versus risk, associated with task 3/31/2017 This task has low duration but high risk 2012 Intaver Institute These tasks have balanced risk versus duration ratio. 30

31 Risk Probability, Impact and Score for the current schedule
Risk Matrix 3/31/2017 2012 Intaver Institute Risk Probability, Impact and Score for the current schedule 31

32 3 most important project parameters (cost, duration, and finish time)
Project Dashboard 3x3 Project Dashboard 3x3 is a condensed view of the most important results of analysis 3 most important project parameters (cost, duration, and finish time) 3/31/2017 2012 Intaver Institute 3 most crucial tasks 32 3 most critical risks

33 Project Tracking For each task at any moment you may enter how much work has been completed 3/31/2017 This task is 100% completed (green bar) 2012 Intaver Institute Risky project automatically adjusts the probability of risks for partially completed tasks This task is partially completed (yellow bar) 33

34 Tracking Results New project forecast is done each time actual project data is entered. 3/31/2017 Low, base, and high forecast Original (baseline) project duration 2012 Intaver Institute Actual project performance 34

35 Advanced Project Risk Management
Risk register allows you to compare pre and post mitigation risk scores View mitigation efforts 3/31/2017 Pre and post mitigation risk scores 2012 Intaver Institute Select pre and post mitigation baselines to view on risk register 35

36 Advanced Project Risk Management
View results for each baseline Select the working schedule that you will use to manage the project Compare different baselines 3/31/2017 Compare results for each baseline 2012 Intaver Institute Select the current schedule 36

37 Advanced Project Risk Management
Model different scenarios when project activities are uncertain Gives EV of project given uncertainties in project activities Conditional and Probabilistic Branching 3/31/2017 Run alternative project branches probabilistically 2012 Intaver Institute 37

38 Integration with Project Management Software
Risk tab installed on Microsoft Project ribbon allows users move projects seamlessly into RiskyProject 3/31/2017 2012 Intaver Institute RiskyProject can import schedules from Oracle Primavera and other project management software.

39 Intaver Institute’s Services
Intaver Institute performs project risk management, risk analysis, and decision analysis training and consulting 3/31/2017 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 Professional 2012 Intaver Institute 39

Download ppt "RiskyProject Project Risk Management Software"

Similar presentations

Ads by Google