RiskyProject 1.3

Project managers can use RiskyProject for planning, scheduling, quantitative risk analysis, and performance measurement of projects with multiple risks and uncertainties. RiskyProject allows managers to improve their ability to predict the course of projects and determine how risks and uncertainties will affect the project. It can help increase the chance that project will be on time and on budget.

Project manager using RiskyProject defines project schedule or import it from other project management software including Microsoft Project, Primavera, MindManager, TurboProject, FastTrack Schedule, Project KickStart. The manager can define a risk list or risk breakdown structure and assign risks to task or resources. RiskyProject gives the manager a simple answer on the common questions: What will happen with your project schedule if certain risks occur? What are the critical risks and crucial tasks? What is the success rate of the project? RiskyProject allows the manager to perform project decision analysis: select project alternatives based on cost and duration.

RiskyProject employs our patent pending Event Chain Methodology for quantitative risk analysis. Event Chain Methodology is a method of defining and managing uncertainties in different time related business and technological processes.

New features of RiskyProject 1.3 include probabilistic and conditional branching, risk chart (duration or cost for the task versus risks), risk correlations, additional statistical distributions, easy-to-use interface to assign risks to tasks and resources. RiskyProject 1.3 supports publishing project schedules on web using Web Project Reporter.

RiskyProject is a vital component of project management process within an organization. RiskyProject can be useful for project managers in many industries, including information technology, engineering and construction, manufacturing, petroleum and mining, and many others.

See also: project risk management software, project planning, project scheduling, quantitative risk analysis, performance measurement, project risk analysis, event chain methodology