Settings defaults for risk properties

May 10, 2016

Q: Settings defaults for risk properties
Can I define default risk properties on my computer? I would like to use the same set of risk properties for all projects.

A: If you use RiskyProject Professional risk properties are save on your computer in the system registry and can be used for all new projects. If you use RiskyProject Enterprise, you project properties are saved in the database.

When you go to the risk properties dialog (Risk -> Risk Properties) you will not find a button to save risk properties as default. It is because when you update risk properties they are saved in the database automatically each time when you update them.

For more information please visit: http://www.intaver.com/IntaverFrm/viewtopic.php?f=3&t=1252

Simulation results for work

May 10, 2016

Q: Simulation results for work
How can I see statistical distribution for work; how it is calculated?

A: The simulation results for work are available for both a project, activities, and resource/activity. Work is the actual amount of hours or days of work (or time on task) required to finish the project, not including non-working time. Because many resources can be work on a single activity and project. The calculated work can often far exceed the calendar hours in which the project or task is performed. For example if you have 4 resources working 100% of the time on a 8 hr project. The project duration is 8hrs, but work would be 32 hrs.

To view the work results for a project:
1. Run a simulation.
2. Click the Analysis > Project Summary view on the ribbon.
3. In the Project Summary, click the Statistical Data for Work button.

For more information please visit: http://www.intaver.com/IntaverFrm/viewtopic.php?f=4&t=1251

Enable probabilistic risk outcomes

May 10, 2016

Q: Enable probabilistic risk outcomes
How do I enable probabilistic outcomes; it is not there by default

A: Just to remind you the risk outcome for fixed and relative duration and cost increase as well as for few other risks outcomes can be defined by statistical distribution.

By default the probabilistic outcomes are not enabled when you install the software. You can enable statistical distributions in the Project Options > Risk > Enable statistical distribution for risk outcomes as shown in the screen shot below. In addition, it includes the context help that is available for this option. You can also click F1 to open the online context sensitive Help for this dialog.

For more information please visit: http://www.intaver.com/IntaverFrm/viewtopic.php?f=2&t=1250

Viewing results of simulations as percentiles on Gantt chart

May 4, 2016

Q: Viewing results of simulations as percentiles on Gantt chart
The Result Gantt seems to show two bars for each activity: original schedule and the Mean results. As well the distribution is shown for start and finish times for low and high. Is there anyway that we can just show the Blue bar as specific percentage?

A: By default, the Result Gant shows the deterministic schedule as a white bar and the Results as a blue bar. The results (blue) bar by default shows the mean value (Start or Finish Time). However, if you right-click on the Gantt Chart, you can switch the results bar to either Low or High results. In the example below, we have selected the High results and which are show as a darker blue by default.
The Low and High results are percentiles or certainty levels and are defined in the Project Options > Calculation dialog box. In the example below, if you choose Show High Results, the Result Gantt will use P70 for the blue bar.

For more information please visit:  http://www.intaver.com/IntaverFrm/viewtopic.php?f=4&t=1247

Viewing results of analysis in MS Project

May 4, 2016

Q: Viewing results of analysis in MS Project
Can I launch MS Project directly from RiskyProject Enterprise to see results of calculation in MS Project.

A: Yes. You can launch Microsoft Project from RiskyProject Professional and RiskyProject enterprise. You can see original project schedule and results of analysis. On a background RiskyProject will save original or risk adjusted project schedule to the temporary XML file, then it will launch Microsoft Project and pass temporary file path as a parameter.

To can launch Microsoft Project from RiskyProject :
1. Run a simulation, go to File > Launch > Microsoft Project.
2. The Export Schedule dialog box opens.
3. Choose one of the provided options and click OK.

This will launch Microsoft Project, you will be given the option to open it as a new file or update an existing one.

For more information please visit: http://www.intaver.com/IntaverFrm/viewtopic.php?f=6&t=1249

Exporting a risk adjusted schedule

May 4, 2016

Q: Exporting a risk adjusted schedule
How can I export results of the simulation using a specific percentiles to MS Project

A: You can export risk adjusted project schedule (results on Monte Carlo simulations in RiskyProject) to Microsoft Project XML file, which you can open in Microsoft Project and other software. To export a risk adjusted schedule using a specific percentile:
1. Run a simulation on your project.
2. From the File menu, choose Export > XML
3. You will be prompted to save the xml file to a local directory.
4. Click Save. The Export Schedule dialog box opens.
5. Choose one of the options or enter is a custom percentile and Click OK.


For more information please visit: http://www.intaver.com/IntaverFrm/viewtopic.php?f=2&t=1248

New Intaver Institute's consulting partner

May 4, 2016

New Intaver Institute's consulting partner

Nicki Kons of Atrisks has become new Intaver Institute's consulting partner. Atrisks offers risk and EVM consultancy services, which incorporate quantitative and qualitative techniques. Nicki Kons is the author of PVaR™: Project Value at Risk. Nicki is an Industrial Engineer, with an MBA and an MA. Nicki is PMI-PMP (Project Management Professional), PMI-RMP (Risk Management Professional) and GARP-ERP (Energy Risk Professional) certified. She is a multi-disciplinarian expert who incorporates engineering, IT, business & finance and political science concepts into a strong coherent message of risk management excellence. Nicki believes the only way to keep on top of risks is by pushing our own limits of risk understanding, time and time again. Atrisks provides advanced risk identification and EVM services to the following sectors: High-Tec, defense, utility, IT, medical device and banking sectors.

http://www.atrisks.com/

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