Project success rate

September 29, 2015 Q: Project success rate How does RiskyProject calculates project success rate? A: Project success rate is calculated if project reaches Earliest Project Deadline, Latest Project Deadline, of Maximum Project Duration as a result of schedule risk analysis. Here is how these deadlines are defined: (Picture) To access this dialog box please click on Schedule -> Project Settings. These settings don't affect deterministic calculations (without any risks and uncertainties). They are only applied to Monte Carlo simulations. Here is how everything works. Let's assume that you define Maximum Project Duration as 1 year. During Monte Carlo simulations in 650 iterations calculated mean project duration exceeds 1 year and for remaining 350 iterations duration is less than 1 year. In this case project success rate will be 35%. Essentially it is a project deadline. Please note that you in some cases start time of the project can also affect success rate of the project. For example, you have Start-Finish links between predecessor and successor for some tasks. For this purposes we have Earliest Project Deadline. In such cases, project cannot start later than certain date and if it starts later on the certain iteration on Monte Carlo simulations, success rate will be reduced. Please visit Intaver Institute's forum for more information. http://www.intaver.com/IntaverFrm/viewtopic.php?f=2&t=1141