39
RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403) 459-4533 www.intaver.com 1 2012 Intaver Institute 06/26/22

RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Embed Size (px)

Citation preview

Page 1: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

RiskyProjectProject Risk Management Software

Intaver Institute Inc.303, 6707, Elbow Drive S.W, Calgary, AB, CanadaTel: +1 (403) 692-2252Fax: +1 (403) 459-4533www.intaver.com 1

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 2: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

What Is RiskyProject?

• Project Scheduling• Risk Register• Quantitative risk analysis using Monte Carlo simulations• Project performance measurement

2

RiskyProject is Windows-based project risk management software.

Risky Project gives you a simple answer to a common question: What will happen to your project if certain risks occur?

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 3: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

The Project Management Problem

2012

Inta

ver I

nstit

ute

04/1

0/23

3

Page 4: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

The Project Management Problem

2012

Inta

ver I

nstit

ute

04/1

0/23

4

Page 5: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

The Project Management Problem

2012

Inta

ver I

nstit

ute

04/1

0/23

5

Page 6: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

The RiskyProject Solution

2012

Inta

ver I

nstit

ute

04/1

0/23

6

Page 7: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

The RiskyProject Solution

2012

Inta

ver I

nstit

ute

04/1

0/23

7

Page 8: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

RiskyProject Features

• Full scheduling engine with costs and resources• Full risk register that links to project schedules• Quantitative and qualitative analysis• Risk+ replacement• Easy to use quantitative schedule risk analysis based on risk

events• Probabilistic cash flow analysis • Project tracking with risks and uncertainties• Integration with Microsoft Project, Primavera, or other project

management software• Optional decision tree analysis• Analysis of critical risk events which need to be mitigated first

2012

Inta

ver I

nstit

ute

04/1

0/23

8

Page 9: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

RiskyProject Features (Continued)

• Product lifecycle management• Risk templates• Probabilistic and conditional branching• Managing mitigation plans• “What if “ analysis• Advanced reporting tools• Risk event correlations• Multiple statistical distributions and distribution fitting

2012

Inta

ver I

nstit

ute

04/1

0/23

9

Page 10: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

2012

Inta

ver I

nstit

ute

04/1

0/23

10

RiskyProject Workflow

Page 11: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

RiskyProject Workflow

2012

Inta

ver I

nstit

ute

04/1

0/23

11RiskyProject’s workflow is compatible with PMI, Prince II, and other risk management processes

Page 12: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Define Project Schedule

Enter complete WBS, as it is done in other project management

software

Enter resources, cost and income for each task

You may also import project schedules from other scheduling tools, such as Microsoft Project or Primavera.

2012

Inta

ver I

nstit

ute

04/1

0/23

12

Page 13: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Risk Register

Pre mitigationProbability, Impact, and

Score

Post mitigationProbability, Impact, and

Score

Risk register view

Separate opened and

closed risk and issues

Separate threats or

opportunities

2012

Inta

ver I

nstit

ute

04/1

0/23

13

Page 14: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Risk Form

14

Risk description and status

Cost of Risk

Management Strategy

Review Timeline

Double-click on a risk to view or modify Risk Information

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 15: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Qualitative Risk Analysis: Define Risk Probabilities and Impacts

15

If no schedule is attached, qualitative risk assessments can be performed

Outcome Types are now qualitative

Outcomes for risk categories are qualitative

and are based on risk matrix settings

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 16: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Mitigation Plans

16

Add mitigation or risk response plans (cost, expected reduction in probability and impact, an descriptions. Plans can have sub-plans

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 17: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Mitigation Waterfall Chart

17

Track total cost, expected reductions in probability or impact and dates for mitigation plans

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 18: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Risk Reviews and Risk History

18

All risk reviews with details can be saved and tracked in system

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 19: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Assign Risks to Tasks and Resources

Define risk chance, outcome and result. Risks can have mutually exclusive outcomes, different

outcomes of the same risk

Risks can be global (for all tasks or resources) or local (for specific tasks or resources)

2012

Inta

ver I

nstit

ute

04/1

0/23

19

If schedule is attached, quantitative risk assessments is performed

Page 20: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Statistical Distributions

In addition to risk events you may define uncertainties as statistical distributions for:• task cost• task start time• task duration• income associated with task

If you enter only the low, base and high cost, duration, start

time and income, RiskyProject will generate statistical

distribution based on this data20

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 21: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Monte Carlo Simulation

When your project schedule and risk breakdown structure is ready, click here to perform Monte Carlo simulations

21

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 22: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Result Gantt Chart

White bars represent original project

schedule (no risks)

Blue bars represent project schedule with

risks

Compare original project schedule and result of analysis

22

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 23: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Results of Risk Analysis

Project Summary: project duration, cost,

and finish time with and without risks

Results of analysis for project cost, finish time, and

duration

Double click on any chart to view detailed information 23

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 24: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Detailed Results of Analysis

Move the slider to determine the chance

that project will be within budget

Get detailed statistical data

Data can be exported as an image or text

Detailed results can be shown for each task or project for cost, duration, start time, finish time, and income.

Detailed results can be shown for each task or project for cost, duration, start time, finish time, and income.

24

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 25: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Cost vs Schedule Scatter Plot

Move the slider to determine the chance of meeting both schedule

and budget

Base Estimate

indicated by yellow dot

25

2012

Inta

ver I

nstit

ute

04/1

0/23

This plot is often referred to as the “Bull’s eye” or “Football” chart

Page 26: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Cost, Income and Revenue

Compare forecasted project costs with (blue line) and without (red

line) risks

Cost chart is generated based on fixed and variables cost and

income associated with tasks and resources

26

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 27: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Probabilistic Cash Flow Analysis

Compare cash flows with (blue bars) and

without (red line) risks

Cash flow is generated based on fixed and variables cost and

income associated with tasks and resources 27

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 28: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Sensitivity Analysis

Tornado chart shows risks or other parameters that have the most affect

on the project schedule

Prioritize critical task or risks

28

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 29: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Crucial Tasks

Crucial tasks have the most effect on the project schedule

Crucial tasks for project cost and duration can be different

29

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 30: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Risk Chart

Risk chart shows task duration and versus risk, associated with task

This task has low duration but high risk

These tasks have balanced risk versus

duration ratio.

30

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 31: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Risk Matrix

Risk Probability, Impact and Score for the current schedule 31

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 32: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

2012

Inta

ver I

nstit

ute

Project Dashboard 3x3

3 most important project parameters (cost, duration,

and finish time)

3 most crucial tasks

3 most critical risks

Project Dashboard 3x3 is a condensed view of

the most important results of analysis

32

04/1

0/23

Page 33: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Project Tracking

This task is 100% completed (green bar)

For each task at any moment you may enter how much work has been completed

This task is partially completed (yellow bar)

Risky project automatically adjusts the probability of risks for partially completed tasks

33

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 34: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Tracking Results

New project forecast is done each time actual project data is entered.

Original (baseline) project duration

Actual project performance

Low, base, and high forecast

34

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 35: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Select pre and post mitigation baselines

to view on risk register

Pre and post mitigation risk

scores

35

2012

Inta

ver I

nstit

ute

04/1

0/23

Advanced Project Risk Management

Page 36: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Select the current schedule

Compare results for each baseline

36

2012

Inta

ver I

nstit

ute

04/1

0/23

Advanced Project Risk Management

Page 37: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Advanced Project Risk Management

Run alternative project branches probabilistically

37

2012

Inta

ver I

nstit

ute

04/1

0/23

Page 38: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Integration with Project Management Software

38

Risk tab installed on Microsoft Project ribbon allows users move projects seamlessly into RiskyProject

2012

Inta

ver I

nstit

ute

04/1

0/23

RiskyProject can import schedules from Oracle Primavera and other project management software.

Page 39: RiskyProject Project Risk Management Software Intaver Institute Inc. 303, 6707, Elbow Drive S.W, Calgary, AB, Canada Tel: +1 (403) 692-2252 Fax: +1 (403)

Intaver Institute’s Services

Intaver Institute performs project risk management, risk analysis, and decision analysis training and consulting

Popular Intaver’s training courses include:• Project management: theory and best practices

• Introduction to project risk management: theory and case studies

• Project decision analysis

• Quantitative methods in project management

• Introduction to RiskyProject: basic RiskyProject workflow and features

• Advanced features of RiskyProject Professional39

2012

Inta

ver I

nstit

ute

04/1

0/23