Risky Project Lite vs. Professional

Intaver Institute Inc.

Comparison of RiskyProject

Professional vs Lite versions

Comparison of RiskyProject

Professional vs Lite versions

Intaver Institute Inc.303, 6707, Elbow Drive S.W, Calgary, AB, CanadaTel: +1 (403) 692-2252Fax: +1 (403) 259-4533www.intaver.com

08/02/2015 Intaver Institute Inc. 2

RiskyProject ProfessionalAdvanced Project Risk Management and Schedule

Risk Analysis Software

RiskyProject Lite is a project risk analysis

software. RiskyProject Lite includes schedule risk

analysis, cost risk analysis, risk register, risk

adjusted Gantt chart, multiple reporting view.

RiskyProject Lite is designed for project managers

without advanced knowledge of risk analysis

theory. With it, you can create a project schedule

or use project schedule from Microsoft® Project,

Oracle® Primavera, or other project management

applications.

Once you have your schedule, just define your

risks using risk register and calculate the schedule

to determine your risk profile.

Project managers can use RiskyProject Professional for

planning, scheduling, quantitative and qualitative risk

analysis, and performance measurement of projects

with multiple risks and uncertainties.

Project risk management:

• risk register

• risk ranking

• customizable risk matrix

• risk response and mitigation plans

• risk mitigation waterfall chart

Monte Carlo schedule risk analysis:

• works as standalone and Microsoft Project Add-In

• integrated with Primavera and other project

management software

• multiple statistical distributions

• replacement for Risk+

Comprehensive quantitative analysis and reporting

Tracking with risks and uncertainties

RiskyProject Lite and Professional: Descriptions

RiskyProject LiteMonte Carlo Schedule Risk Analysis Software

Statistical Distributions


RiskyProject Professional

has statistical distributions

for all tasks and the project

In RiskyProject Lite statistical

distribution are hidden. You may

view Low, Base, and High results

of analysis. Exception: Microsoft Project Add-in

Defining Uncertainties


In RiskyProject Lite there is no

interface to define statistical

distribution for cost and

duration. You may only define

low, base, and high estimates.

Internally it will become

triangular distribution.

RiskyProject Professional has

interface to define statistical

distribution.

RiskyProject Toolbar in Microsoft Project


RiskyProject Professional ToolbarRiskyProject Professional Toolbar

Scatter Plot for RiskyProject Professional Only Additional Views

Both RiskyProject

Professional and

RiskyProject Lite are

seamlessly

integrated with

Microsoft Project

RiskyProject Lite Toolbar

Risk Register


Risk Register is the

same for

RiskyProject Lite

and RiskyProject

Professional

Both RiskyProject Lite and RiskyProject Professional can be used as a client for RiskyProject Enterprise

RiskyProject Professional RiskyProject LiteDatabase

RiskyProject Enterprise

Risk Drag’n’Drop View


Risk Drag’n’Drop view is

available only in


In RiskyProject Lite you would

need to assign risks to tasks

using Risks tab


RiskyProject Lite RiskyProject Professional

RiskyProject has additional views:

- Project summary

- Cost analysis

- Cash Flow

- Risk Chart

- Sensitivity Analysis (Tornado diagram)

- Success Rate

- Critical Tasks

- Tracking Gantt

- Five reporting views

RiskyProject Lite and Professional: Views

RiskyProject Lite has fewer analytical and reporting

views.

Cost Analysis


Cumulative probabilistic

cost analysis view is

available only in


Cost with RisksCost with Risks

Cost without risks

ActualsActuals

Sensitivity Analysis


Sensitivity analysis view is

available only in


Baselines


Baselines (schedule

snapshots) are available

only in RiskyProject

Professional

Probabilistic and Conditional Branching


Conditional and

probabilistic branching is

available only in


Cost vs. Duration Scatter Plot


RiskyProject Professional has Cost vs. Duration Scatter

Plot


Additional Resources

• White Papers and Articles: http://www.intaver.com/index-whitepapers.html

• Online Tutorials: http://www.intaver.com/index-tutorial4.html

• Project Decisions: http://www.projectdecisions.org

• YouTube Channel: https://www.youtube.com/channel/UCh3WQGV3vQAR0kdTJPlNwvQ

Contact Details

Michael Trumper

Intaver Institute Inc.

[email protected]

403.692.2252

Project Think:

Why Good Managers Make Poor

Project Choices

Project Decisions: The Art and Science

Introduction to Project Risk

Management and Decision Analysis