January 19, 2017
Q: Saving distribution for task duration in RiskyProject Enterprise
I performed Monte Carlo simulations of project schedule and saved results in the database. Do you save distributions for project duration, finish time, and cost or you save distributions for individual tasks as well?
A: We save statistical distributions for project parameters, such as project duration, cost, and finish times in RiskyProject Enterprise database. In fact we save all samples for project duration, cost, and finish times for each iterations of Monte Carlo simulation. Based on these samples we generate statistical distribution which are displayed when you double click on Gantt bar in project portfolio view.
We also save tasks durations, costs, work, start and finish times for each iterations of Monte Carlo simulations. However these information is used only for interface with other project scheduling and portfolio management software. When you perform Monte Carlo simulations, save a schedule and open it again, you would need to perform Monte Carlo simulations again to see results for individual tasks.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=6&t=1339
Sunday, 29 January 2017
Saturday, 28 January 2017
Base duration for uniform distribution
January 19, 2017
Q: Base duration for uniform distribution
I have a uniform distribution from 5 days to 10 days. The base duration is 7 days. What does the base duration mean for uniform distribution?
A: In case of uniform distribution, based duration will not be used for probabilistic calculation. It is used for deterministic calculation only. The same is true for most other distributions, such as normal, discrete and custom. Based duration will be used for Triangular distribution only.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1338
Q: Base duration for uniform distribution
I have a uniform distribution from 5 days to 10 days. The base duration is 7 days. What does the base duration mean for uniform distribution?
A: In case of uniform distribution, based duration will not be used for probabilistic calculation. It is used for deterministic calculation only. The same is true for most other distributions, such as normal, discrete and custom. Based duration will be used for Triangular distribution only.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1338
Using undo command
January 19, 2017
Q: Using undo command
I'm using undo command CTRL+Z. It seems to me it correctly undo previous changes in the project schedule, however there is a limited number of changes I can undo. How many changes I can undo?
A: Undo command (CTRL+Z shortcut) can help to undo some but all changes in the project schedule. Also you cannot undo changes in the risk register and list of mitigation plan. For example you cannot undo changes in task name or task duration, but you can undo deleting or inserting tasks. To use Undo command you can either use CTRL+Z or click on button on the left pan of Schedule menu.
RiskyProject does not have predefined number of changes, which you can undo. Everything depends on available RAM. RiskyProject dynamically allocates memory for undo buffer. Undo buffer can include 10 or more schedules. Essentially when you undo your schedule you revert to the previous schedule.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=3&t=1337
Q: Using undo command
I'm using undo command CTRL+Z. It seems to me it correctly undo previous changes in the project schedule, however there is a limited number of changes I can undo. How many changes I can undo?
A: Undo command (CTRL+Z shortcut) can help to undo some but all changes in the project schedule. Also you cannot undo changes in the risk register and list of mitigation plan. For example you cannot undo changes in task name or task duration, but you can undo deleting or inserting tasks. To use Undo command you can either use CTRL+Z or click on button on the left pan of Schedule menu.
RiskyProject does not have predefined number of changes, which you can undo. Everything depends on available RAM. RiskyProject dynamically allocates memory for undo buffer. Undo buffer can include 10 or more schedules. Essentially when you undo your schedule you revert to the previous schedule.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=3&t=1337
Saturday, 21 January 2017
Percent completed for summary tasks
January 14, 2017
Q: Percent completed for summary tasks
How risky project calculates percent completed for the summary tasks and complete project if different subtasks have different percent completed?
A: Sometimes different subtasks have different percent completed. In example below percent completed for subtasks are 0%, 50%, and 100%. Percent completed for summary tasks are calculated automatically. In this example it equals 72%.
Percent completed for subtasks are defined in Tracking tab of Task information dialog box. Percent completed for summary tasks are read only. It is calculated based on algorithm implemented in Microsoft Project and other project management software. It takes into an account percent completed for all subtasks.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=3&t=1336
Q: Percent completed for summary tasks
How risky project calculates percent completed for the summary tasks and complete project if different subtasks have different percent completed?
A: Sometimes different subtasks have different percent completed. In example below percent completed for subtasks are 0%, 50%, and 100%. Percent completed for summary tasks are calculated automatically. In this example it equals 72%.
Percent completed for subtasks are defined in Tracking tab of Task information dialog box. Percent completed for summary tasks are read only. It is calculated based on algorithm implemented in Microsoft Project and other project management software. It takes into an account percent completed for all subtasks.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=3&t=1336
Monday, 16 January 2017
Remaining Duration
January 14, 2017
Q: Remaining Duration
Can a change a column name in any view?
A: In RiskyProject remaining duration is calculated base % completed. It is done automatically. You can enter percent completed using Tracking tab in Task information dialog box (double click on Task ID and go to tracking tab).
You can also enter remaining duration in Tracking tab. Remaining duration entered in tracking tab affects probabilistic calculation only. It affects probabilistic calculation only. Remaining duration can be probabilistic. You can define distribution of remaining duration. First you may enter low, base, and high estimates of remaining duration. Then you can right click on item ID and select Distribution for remaining duration. You can select distribution for duration and define its parameters.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1335
Q: Remaining Duration
Can a change a column name in any view?
A: In RiskyProject remaining duration is calculated base % completed. It is done automatically. You can enter percent completed using Tracking tab in Task information dialog box (double click on Task ID and go to tracking tab).
You can also enter remaining duration in Tracking tab. Remaining duration entered in tracking tab affects probabilistic calculation only. It affects probabilistic calculation only. Remaining duration can be probabilistic. You can define distribution of remaining duration. First you may enter low, base, and high estimates of remaining duration. Then you can right click on item ID and select Distribution for remaining duration. You can select distribution for duration and define its parameters.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1335
Sunday, 15 January 2017
Column name
January 14, 2017
Q: Column name
Can a change a column name in any view?
A: You can chance column name in the grid for each view, but not in dialog boxes. For example, you can change column name for Risk Register, Result Gantt, Cost and Income, Resources and other views, but you cannot change column name of task information, resource information, and risk information dialog boxes. Changing column name is very useful when you try to translate column name on another language.
To change column name right click on column header - the column will be highlighted. Then from drop down menu Select Modify Column. In the dialog overwrite column name with new column name.
New column name will be saved in the project file. Each time you open ALM file you will be presented with new column name.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1334
Q: Column name
Can a change a column name in any view?
A: You can chance column name in the grid for each view, but not in dialog boxes. For example, you can change column name for Risk Register, Result Gantt, Cost and Income, Resources and other views, but you cannot change column name of task information, resource information, and risk information dialog boxes. Changing column name is very useful when you try to translate column name on another language.
To change column name right click on column header - the column will be highlighted. Then from drop down menu Select Modify Column. In the dialog overwrite column name with new column name.
New column name will be saved in the project file. Each time you open ALM file you will be presented with new column name.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1334
Monday, 9 January 2017
Intaver Institute’s New US Headquarters
January 6, 2017
Intaver Institute’s New US Headquarters
Intaver Institute Inc. today announced that they have established a new headquarters located in Naples, Florida, USA. The new US location will provide Intaver Institute Inc. a platform to better reach and service both new and existing customers of our project risk management and risk analysis software suite RiskyProject. “Our new location in the US will allow us to provide better service for our US customer base by expanding our software development and customer support operations to include both the Calgary and Naples locations”, said Michael Weiner, President and General Manager of Naples, Florida headquarter of Intaver Institute Inc. “Our new headquarters will be tightly aligned with the needs of key stakeholders and showcase our strategic growth initiatives in the area of project risk management and risk analysis software”.For more information please visit: http://intaver.com/news/
Sunday, 8 January 2017
Maximum Project Duration
January 5, 2017
Q: Maximum Project Duration
What is the maximum project duration in RiskyProject Settings? How does it affect calculations?
A: Maximum project durations are set in the Project Settings dialog box. By default the maximum is set to 50 years. If the project duration exceeds the maximum duration, that is from the start date in any simulation it exceeds the maximum duration the project is cancelled for the particular iteration. This affects the overall success rate of the project.
In the example below, the maximum project duration has been set to 1 year. The project has a base duration of 200 working days, but could be as high as 300. Because of the uncertainties, the project is likely to exceed the maximum project duration on the majority of the iterations as the success rate is only 21%. That is, the project exceeds the 1 year maximum in 79% of the iterations.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1333
Q: Maximum Project Duration
What is the maximum project duration in RiskyProject Settings? How does it affect calculations?
A: Maximum project durations are set in the Project Settings dialog box. By default the maximum is set to 50 years. If the project duration exceeds the maximum duration, that is from the start date in any simulation it exceeds the maximum duration the project is cancelled for the particular iteration. This affects the overall success rate of the project.
In the example below, the maximum project duration has been set to 1 year. The project has a base duration of 200 working days, but could be as high as 300. Because of the uncertainties, the project is likely to exceed the maximum project duration on the majority of the iterations as the success rate is only 21%. That is, the project exceeds the 1 year maximum in 79% of the iterations.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1333
Saturday, 7 January 2017
Importing RiskyProject files to RiskyProject Enterprise
January 5, 2017
Q: Importing RiskyProject files to RiskyProject Enterprise
In RiskyProject Enterprise can we import project from RiskyProject Lite?
A: Yes. RiskyProject Enterprise has a built in feature to import or export any RiskyProject files with an *.alm extension. It does not matter if the files are from RiskyProject Lite or Professional versions.
To import a RiskyProject file to RiskyProject Enterprise:
1. Open RiskyProject Enterprise and click the Projects tab.
2. In the Project Hierarchy, select the row in which you want to place the imported file.
3. In the Export/Import group, click the Import Project from File button. The Open dialog box opens.
4. Navigate to the file (*.alm) and click Open. You can rename the project if required in the Project Name box.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=6&t=1332
Q: Importing RiskyProject files to RiskyProject Enterprise
In RiskyProject Enterprise can we import project from RiskyProject Lite?
A: Yes. RiskyProject Enterprise has a built in feature to import or export any RiskyProject files with an *.alm extension. It does not matter if the files are from RiskyProject Lite or Professional versions.
To import a RiskyProject file to RiskyProject Enterprise:
1. Open RiskyProject Enterprise and click the Projects tab.
2. In the Project Hierarchy, select the row in which you want to place the imported file.
3. In the Export/Import group, click the Import Project from File button. The Open dialog box opens.
4. Navigate to the file (*.alm) and click Open. You can rename the project if required in the Project Name box.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=6&t=1332
January 5, 2017
Q: Calculating Expected Costs
How do you calculate an expected value for the cost of a project?
A: Expected values are calculated automatically as part of the Monte Carlo simulation and can be derived as cumulative probability or percentile. In the example below, the project has an expected value (EV) of $17,152,674.94 at the p80. In layman’s terms this means that the cost of the project will be at or below this cost 8 out of 10 times.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1331
Q: Calculating Expected Costs
How do you calculate an expected value for the cost of a project?
A: Expected values are calculated automatically as part of the Monte Carlo simulation and can be derived as cumulative probability or percentile. In the example below, the project has an expected value (EV) of $17,152,674.94 at the p80. In layman’s terms this means that the cost of the project will be at or below this cost 8 out of 10 times.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1331
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