April 16, 2017
Book “Project Risk Analysis Made Ridiculously Simple” is now available on Google Books
BookRiskAnalysisBook “Project Risk Analysis Made Ridiculously Simple” written by Intaver Institute’s staff members is now available on Google Books. If you use or planning to use RiskyProject this book can become a starting point to learn project risk analysis and risk management. The book shows in details how to perform schedule and cost analysis of projects and portfolios. Many examples in this book in done using RiskyProject software. Google version on the book includes table of content and few first chapters. Here are the main section of the book:
Project risk management and qualitative risk analysis
Quantitative project risk analysis
Advanced quantitative project risk analysis
Portfolio risk analysis
The aim of the book is to provide a practical overview of the project risk management process that covers both theory and practice and would serve as a useful guide to a wide range of readers from students to project risk experts. The book covers all aspects of the project risk management process as covered by more project management organizations including PMI and ISO 31000. It includes interesting discussions of famous historical event from a project risk perspective. In addition, the book will provide practical step by step guides for implementing
a project risk management process.
http://intaver.com/news/
Saturday, 22 April 2017
Saturday, 1 April 2017
Intaver Institute on Risk Governance Forum
March 30, 2017
Intaver Institute on Risk Governance Forum
DSC05889Intaver Institute presented its methodology and risk analysis software at Policy Forum “Risk Governance for Key Enabling Technologies” organized by Society for Risk Analysis (SRA). The forum was held in Cultural Center Don Orione Artigianelli, in Venice, Italy. The topic of Intaver’s presentation was “Risk Governance Framework for Aerospace and Defence Projects”. The presentation included discussions about Event Chain Methodology as well as project risk analysis and risk management software RiskyProject and their applications in aerospace and defence industry. The SRA Forum “provided discussion of current initiatives that are centered in refining the risk governance of emerging technologies through the integration of traditional risk analytic tools “.The next event organized by SRA are 26th SRA-Europe Annual Conference 19 June – 21 June 2017 in Lisbon, Portugal.
For more information please visit: http://intaver.com/news/
Intaver Institute on Risk Governance Forum
DSC05889Intaver Institute presented its methodology and risk analysis software at Policy Forum “Risk Governance for Key Enabling Technologies” organized by Society for Risk Analysis (SRA). The forum was held in Cultural Center Don Orione Artigianelli, in Venice, Italy. The topic of Intaver’s presentation was “Risk Governance Framework for Aerospace and Defence Projects”. The presentation included discussions about Event Chain Methodology as well as project risk analysis and risk management software RiskyProject and their applications in aerospace and defence industry. The SRA Forum “provided discussion of current initiatives that are centered in refining the risk governance of emerging technologies through the integration of traditional risk analytic tools “.The next event organized by SRA are 26th SRA-Europe Annual Conference 19 June – 21 June 2017 in Lisbon, Portugal.
For more information please visit: http://intaver.com/news/
Sunday, 19 March 2017
New webinar on project risk analysis.
March 17, 2017
New webinar on project risk analysis.
New fee webinar “Step-by-step Schedule Risk Analysis with RiskyProject” is scheduled for Tuesday, March 21, 2017,
10:00 AM – 11:00 AM MST (UTC-07:00). This this webinar you will learn about few simple steps how to streamline your risk analysis and communicate the results. To register for webinar please click here.
10:00 AM – 11:00 AM MST (UTC-07:00). This this webinar you will learn about few simple steps how to streamline your risk analysis and communicate the results. To register for webinar please click here.
https://attendee.gotowebinar.com/register/8275558210504260355
Saturday, 18 March 2017
Maximum number of mitigation and response plans
March 10, 2017
Q: Maximum number of mitigation and response plans
What is the maximum number of mitigation and response plans in RiskyProject?
A: Maximum number of mitigation and response plans in risk mitigation view is 2000. Maximum number of mitigation plans which can be assigned to one risk and presented within Waterfall diagram of Risk Information dialog is also 2000.
It is more than enough for any work in risk mitigation. Please note that in any view in grids there different number of maximum number of rows. For example, maximum number of tasks is 20,000, maximum number of resources is 2,000. Maximum number of risks is also 2,000.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=3&t=1350
Q: Maximum number of mitigation and response plans
What is the maximum number of mitigation and response plans in RiskyProject?
A: Maximum number of mitigation and response plans in risk mitigation view is 2000. Maximum number of mitigation plans which can be assigned to one risk and presented within Waterfall diagram of Risk Information dialog is also 2000.
It is more than enough for any work in risk mitigation. Please note that in any view in grids there different number of maximum number of rows. For example, maximum number of tasks is 20,000, maximum number of resources is 2,000. Maximum number of risks is also 2,000.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=3&t=1350
Sunday, 12 March 2017
Base duration for Normal and Uniform distributions
March 10, 2017
Q: Base duration for Normal and Uniform distributions
I have Low Duration = 5 days, Base Duration = 6 days and High Duration = 10 days. I think Base Duration is ignored when I define Normal and Uniform distributions.
A: Base duration is not used for the sampling process when you define any distributions except for Triangular. The image below presents your case.
Image
Please note that base duration is reflected in Triangular distribution, but Normal distribution is generated based on low and high duration values only. The same is true for non-symmetrical distributions, such as lognormal. You may use slides in Distribution tab to adjust most likely (peak) of lognormal. However base duration is used for deterministic (original) project schedule. Sometimes you may switch distribution to Triangular from any other, therefore it is important to ensure that base duration is correct.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1349
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
Q: Base duration for Normal and Uniform distributions
I have Low Duration = 5 days, Base Duration = 6 days and High Duration = 10 days. I think Base Duration is ignored when I define Normal and Uniform distributions.
A: Base duration is not used for the sampling process when you define any distributions except for Triangular. The image below presents your case.
Image
Please note that base duration is reflected in Triangular distribution, but Normal distribution is generated based on low and high duration values only. The same is true for non-symmetrical distributions, such as lognormal. You may use slides in Distribution tab to adjust most likely (peak) of lognormal. However base duration is used for deterministic (original) project schedule. Sometimes you may switch distribution to Triangular from any other, therefore it is important to ensure that base duration is correct.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1349
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
Saturday, 11 March 2017
What is the difference between risk outcome value and risk outcome type?
February 27, 2017
Q: What is the difference between risk outcome value and risk outcome type?
Risk Outcomes and Risk Outcome Types
A: In RiskyProject, the word Outcome was originally added to differentiate risk assessment inputs and outputs. In RiskyProject, outcome types and outcomes are analogous risk categories and impacts when entering risk assignments to the system. Outcome types are analogous to risk categories. When the system risk register is set up, the system has hardcoded risk categories and outcomes.
When you assign risks, you select the outcome type and then the outcome which is the estimated impact of the risk on the outcome type.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1347
Q: What is the difference between risk outcome value and risk outcome type?
Risk Outcomes and Risk Outcome Types
A: In RiskyProject, the word Outcome was originally added to differentiate risk assessment inputs and outputs. In RiskyProject, outcome types and outcomes are analogous risk categories and impacts when entering risk assignments to the system. Outcome types are analogous to risk categories. When the system risk register is set up, the system has hardcoded risk categories and outcomes.
When you assign risks, you select the outcome type and then the outcome which is the estimated impact of the risk on the outcome type.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=2&t=1347
Defining uncertainties for lags
February 27, 2017
Q: Defining uncertainties for lags
Do you have statistical distributions for lags and how are they defined?
A: Yes, if you want to define a lag with uncertainty (has a most likely, low and high estimates) , you can add this to the predecessor in the Task Information > Predecessors tab.
When you create a predecessor link to a task, open the Task Information dialog box and click the Predecessors tab. Here you can add the Low, Base, and High estimates for the lag as well as select the statistical distribution type.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1348
Q: Defining uncertainties for lags
Do you have statistical distributions for lags and how are they defined?
A: Yes, if you want to define a lag with uncertainty (has a most likely, low and high estimates) , you can add this to the predecessor in the Task Information > Predecessors tab.
When you create a predecessor link to a task, open the Task Information dialog box and click the Predecessors tab. Here you can add the Low, Base, and High estimates for the lag as well as select the statistical distribution type.
For more information please visit: http://intaver.com/IntaverFrm/viewtopic.php?f=4&t=1348
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