RiskyProject Professional

RiskyProject Professional is comprehensive project risk analysis and management software that integrates with MS Project and Oracle Primavera. RiskyProject Professional allows users to perform Monte Carlo simulations of project cost and schedule using discrete risks event and uncertainties using three point estimates as well as other robust distributions. Cost and schedule risk analysis allows users to create realistic “risk adjusted” cost and schedule estimates to complete their projects. RiskyProject Professional also provides a comprehensive project risk management capability that is compatible with all major project risk methodologies and processes, such as those supported by PMI, Prince II, and ISO 31000.
i h

RiskyProject Professional is a sophisticated, yet easy to use tool that can be used by project managers, controllers, schedulers, and other team members regardless of whether they are a risk expert or a basic user. In RiskyProject Professional, users can create their own schedules with resources and costs, or import their projects from Microsoft Project, Oracle Primavera, or other project management tools. With the project estimates in RiskyProject, users can quickly define risks and uncertainties for cost, schedule or other impacts, perform Monte Carlo simulations, and determine their project risk profile.

RiskyProject Professional has an integrated fully feature risk register that allows you to perform project risk management. The risk register can be either qualitative or quantitative and can include non-schedule risks, such as reputation, quality, and performance. Risks can be linked to project activities to measure how they will impact cost and schedule as part of the Monte Carlo Simulations. RiskyProject Professional provides comprehensive sensitivity analysis on project risks, cost, duration, finish time etc. The results of the sensitivity analysis can be viewed as Tornado charts and are available in a variety of reports. In addition, using the Monte Carlo simulations and sensitivity analysis, RiskyProject Professional will automatically rank risks in the risk register.

RiskyProject Features

RiskyProject LiteRiskyProject ProfessionalRiskyProject Enterprise

Project and Portfolio Planning and Scheduling

Portfolio time, cost, and risk management  
Portfolio hierarchy and portfolio Gantt Chart  
Work breakdown structure for individual projects
Gantt Chart for induvidual projects
Resource and work management
Project cost management
Constraints and deadlines
Multiple baselines 
Multiple project, task, and resource calendars

Risk Management

Risk Register (risks and issues, threats and opportunities, open and close risks, risk properties, risk probabilities, impacts, and scores, search and filter risks based risk properties)
Schedule and non-schedule risks (schedule, cost, safety, quality, environment, technology, legal, etc.)
Share Risk Register among different projects  
Common risk register accessible by different users with an organization  
Rank projects within a portfolio based on risks, portfolio and project risk profiles  
Customizable risk categories and outcomes
Easily assign risks to tasks or resources
Risk correlations
Risk templates (standard risk templates are included)  

Types of Uncertainty

Risk events for tasks and resources (fixed or relative delay, fixed of relative cost increase, Task restart, End task, Cancel task, etc.)
Multiple statistical distributions for task duration, cost, income start time, and lags (Uniform, Triangular, Normal, Lognormal, Exponential, Rayleigh, Gumbel, Beta, BetaPert, Discrete, Custom, and others)In MS Project Add-in
Conditional branching (If-Then-Else analysis) 
Probabilistic branching 
Probabilistic calendar 

Quantitative Risk Analysis

Monte Carlo Simulations
Global risks (for all tasks or resources)
Local risks (for selected task or resource)
Cost analysis with risks and uncertainties 
Analysis of success rate using project and task deadlines
Risk analysis for product lifecycle management 
Sensitivity analysis (analysis how uncertainties affect project duration, cost, finish time, and success rate)In MS Project Add-in
Analysis of risk mitigation using multiple baselines 

Reporting Tools

Customizable histograms and cumulative probability plots for task or project duration, start and finish times, cost, work, resource allocation, income and revenueIn MS Project Add-in
Project information views (view original project parameters and results of simulation)
Result Gantt view (compare original project schedule with results of analysis)
Optimistic and pessimistic project portfolio view  
Customizable risk matrix: Risk probability vs. impact
Customizable risk report
Report Views: Cash flow, Critical risks, Crucial task, success rate, and others 
Risk mitigation (“waterfall”) diagrams 

Integration with other project management tools

RiskyProject Add-in for Microsoft Project
Integration with Oracle Primavera
Other Project Management Software: Safran Project, Project KickStart, FastTrack, WBS Chart Pro, PERT Chart Expert, and other project management software*.


Forecasting of duration of incomplete tasks with risks and uncertainties
Project tracking views 

Other features

Secure access to the corporate database  
User management: multiples users with different roles and permissions  
Free unlimited customer support via email
Online help and tutorial