Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical category of the Talent Triangle. Event Description: Many clients are now demanding proposals include a schedule risk assessment and the more savvy are requesting forecast dates be presented at, for example, 80% levels of confidence.  What…

Project managers have a new way to perform risk analysis on their project estimates for more realistic scheduling and budgeting. Barbecana has shipped a new version of its Monte Carlo schedule risk analysis software. Full Monte 2016 for Microsoft Project includes these features: A spreadsheet interface simplifies data entry, supports inheritance through the project structure…

  Project Risk Analysis There are two important outcomes for most projects beyond the obvious scope and quality objectives: Cost and Schedule. The cost outcome directly affects the value of performing the project in terms of profit and loss.  The schedule outcome also affects cost and has other less tangible impacts such as loss of…

As you’re preparing for your PMI PMP exam, you’ll want to understand the basics of qualitative risk analysis (QLRA) and quantitative risk analysis (QTRA), both processes that are part of the “Project Risk Management” knowledge area. While these two concepts sound similar and both use numbers in risk rating, they’re not the same at all….

Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical Project Management talent triangle category. If you are claiming this session, you must submit it to your MPUG Webinar History after it has been completed in its entirety. Event Description: Find out how Schedule Risk Analysis…

This article will make the most sense if you read the previous three (short) parts first: Part 1 Part 2 Part 3 In this final segment of the series I will create a custom group for use in reporting and graphing purposes. The report will look similar to the figure below at the end of this blog….

  Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical Category of the Talent Triangle. Event Description: Microsoft Project and Microsoft Project Server are comprehensive software systems that help users execute different project management processes. One of these processes is risk management, which is s…

There has been a lot of talk this year about the use of drivers in schedule risk analysis. The idea is that the correlations between task durations are the result of one or more outside influences (the drivers) and that their influence on task duration can and should be modeled directly. As a software vendor,…