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

2. What Is RiskyProject?
RiskyProject is Windows-based project risk management software.
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Project Scheduling
Risk Register
Quantitative risk analysis using Monte Carlo simulations
Project performance measurement
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Risky Project gives you a simple answer to a common question: What will happen to your project if certain risks occur?

3. The Project Management Problem
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Budget
Schedule
Quality
Safety
Technology
Other measures
Projects consistently fail to meet:
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4. The Project Management Problem
Reasons
Human psychological limits
Inadequate training
Poor processes
others
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5. The Project Management Problem
Key Project Management Issues
How to estimate project duration or cost?
What are the most critical risks and how to mitigate them?
How to measure project performance?
How to make an informed decision about future course of the project?
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6. The RiskyProject Solution
Project risk management made simple
RiskyProject is consistent with PMI PMBOK. Risky Project supports the full project risk management process.
RiskyProject is very easy to use. RiskyProject is uses a scheduling interface similar to other project popular project management tools.
RiskyProject has low implementation and support costs. Compared with the comparative products, RiskyProject provides unmatched value
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7. The RiskyProject Solution
Project risk management for Project Managers
Provide state of art quantitative project risk management tools
Low cost
Ease of implementation
Limited initial training required
Scalable
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8. 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
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9. 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
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10. RiskyProject Workflow
RiskyProject uses common PM artifacts
WBS
Resources
Costs
Risk Register or Risk Lists
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11. RiskyProject Workflow
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RiskyProject’s workflow is compatible with PMI, Prince II, and other risk management processes 11

12. Define Project Schedule
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Enter resources, cost and income for each task
Enter complete WBS, as it is done in other project management software
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You may also import project schedules from other scheduling tools, such as Microsoft Project or Primavera. 12

13. Risk Register Risk register view
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Separate opened and closed risk and issues
Pre mitigation
Probability, Impact, and Score
Post mitigation
Probability, Impact, and Score
Separate threats or opportunities 13

14. Risk description and status
Risk Form
Double-click on a risk to view or modify Risk Information
Risk description and status
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Management Strategy
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Cost of Risk
Review Timeline

15. Qualitative Risk Analysis: Define Risk Probabilities and Impacts
If no schedule is attached, qualitative risk assessments can be performed
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Outcome Types are now qualitative
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Outcomes for risk categories are qualitative and are based on risk matrix settings

16. Mitigation Plans
Add mitigation or risk response plans (cost, expected reduction in probability and impact, an descriptions. Plans can have sub-plans
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17. Mitigation Waterfall Chart
Track total cost, expected reductions in probability or impact and dates for mitigation plans
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18. Risk Reviews and Risk History
All risk reviews with details can be saved and tracked in system
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19. Assign Risks to Tasks and Resources
If schedule is attached, quantitative risk assessments is performed
Risks can be global (for all tasks or resources) or local (for specific tasks or resources)
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Define risk chance, outcome and result. Risks can have mutually exclusive outcomes, different outcomes of the same risk 19

20. 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
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If you enter only the low, base and high cost, duration, start time and income, RiskyProject will generate statistical distribution based on this data 20

21. Monte Carlo Simulation
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When your project schedule and risk breakdown structure is ready, click here to perform Monte Carlo simulations
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22. Result Gantt Chart
Compare original project schedule and result of analysis
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White bars represent original project schedule (no risks)
Blue bars represent project schedule with risks
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23. Results of Risk Analysis
Project Summary: project duration, cost, and finish time with and without risks
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Results of analysis for project cost, finish time, and duration
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Double click on any chart to view detailed information

24. Detailed Results of Analysis
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Move the slider to determine the chance that project will be within budget
Detailed results can be shown for each task or project for cost, duration, start time, finish time, and income.
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Get detailed statistical data
Data can be exported as an image or text 24

25. Cost vs Schedule Scatter Plot
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Move the slider to determine the chance of meeting both schedule and budget
Base
Estimate indicated by yellow dot
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This plot is often referred to as the “Bull’s eye” or “Football” chart 25

26. Cost, Income and Revenue
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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

27. Probabilistic Cash Flow Analysis
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Cash flow is generated based on fixed and variables cost and income associated with tasks and resources
Compare cash flows with (blue bars) and without (red line) risks 27

28. Prioritize critical task or risks
Sensitivity Analysis
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Prioritize critical task or risks
Tornado chart shows risks or other parameters that have the most affect on the project schedule
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29. Crucial Tasks
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Crucial tasks for project cost and duration can be different
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Crucial tasks have the most effect on the project schedule 29

30. Risk Chart
Risk chart shows task duration and versus risk, associated with task
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This task has low duration but high risk
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These tasks have balanced risk versus duration ratio. 30

31. Risk Probability, Impact and Score for the current schedule
Risk Matrix
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Risk Probability, Impact and Score for the current schedule 31

32. 3 most important project parameters (cost, duration, and finish time)
Project Dashboard 3x3
Project Dashboard 3x3 is a condensed view of the most important results of analysis
3 most important project parameters (cost, duration, and finish time)
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3 most crucial tasks 32
3 most critical risks

33. Project Tracking
For each task at any moment you may enter how much work has been completed
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This task is 100% completed (green bar)
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Risky project automatically adjusts the probability of risks for partially completed tasks
This task is partially completed (yellow bar) 33

34. Tracking Results
New project forecast is done each time actual project data is entered.
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Low, base, and high forecast
Original (baseline) project duration
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Actual project performance 34

35. Advanced Project Risk Management
Risk register allows you to compare pre and post mitigation risk scores
View mitigation efforts
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Pre and post mitigation risk scores
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Select pre and post mitigation baselines to view on risk register 35

36. Advanced Project Risk Management
View results for each baseline
Select the working schedule that you will use to manage the project
Compare different baselines
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Compare results for each baseline
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Select the current schedule 36

37. Advanced Project Risk Management
Model different scenarios when project activities are uncertain
Gives EV of project given uncertainties in project activities
Conditional and Probabilistic Branching
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Run alternative project branches probabilistically
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38. Integration with Project Management Software
Risk tab installed on Microsoft Project ribbon allows users move projects seamlessly into RiskyProject
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RiskyProject can import schedules from Oracle Primavera and other project management software.

39. Intaver Institute’s Services
Intaver Institute performs project risk management, risk analysis, and decision analysis training and consulting
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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 Professional
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