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MS Project - How to Perform Risk Analysis  

Assuming your schedule complies with best practices; a strong likelihood exists delivery on time or within budget will fail.

Why? Because every project is subject to uncertainty. Even with good estimates and average activity actual duration's, a phenomenon called merge bias means that more predecessors any given activity has, the less probable it is to start on time. This is the key reason for performing a schedule risk analysis using Monte Carlo Simulation.

In this workshop you will learn to use Barbecana's Full Monte Schedule Risk Analysis software. It runs against data in your existing schedule tool so there is no need to export the data before the analysis can be performed.

Full Monte calculates the range of probable dates for every single activity/milestone in your project in a single analysis. It also identifies all potential critical paths through your project. Sensitivity Analysis helps identify key areas to reduce uncertainty in deliverable outcomes.

 

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For inquiries, please call 585.685.6004 to get information regarding future classes.