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
Saturday, 21 January 2017
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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