🎰 Risk

This screen enables you to:

1. Define your duration uncertainty
2. Add risk events to your schedule
3. Import Risk configuration from a previous update
4. Make decisions in context using the embedded Gantt chart
5. Use smart filters to focus your energy on high-value activities
6. Make decisions in context using the embedded Gantt chart

Define your duration uncertainty

You can define your duration uncertainty at WBS and/or activity level. There are two ways you can do it, either applying your own templates or going manually one by one.

Applying Templates:

Simply click on the template button to set up your own thresholds and distribution.

Manually specifying them:

Simply Select the WBS or the activity you want and enter your duration uncertainty values and select a distribution.

You can also set up an activity to inherit the duration uncertainty parameters from its parent WBS with a click of a button. Enabling this will allow a change in the uncertainty of a parent WBS to cascade below to all its children.

Add risk events to your schedule

You can assign risk events to an activity and/or WBS easily, by following two simple steps.

1. Set up the risk register

You can easily record risk events for future use on your risk register. Simply click on the risk register page from the side bar to add all the details about the risk event. 

You can find information on how to do that here

2. Map risk events to an activity and/or a WBS:

You can map risk events to an activity and/or a WBS with 3 clicks. From the main screen, select the activity or the WBS you want to add risk to and click on map risk events, a list with all your risk register events will pop up. Click on the risk event you want to add and that’s it you are done.

You can also set up an activity to inherit the risk parameters from its parent WBS with a click of a button. Enabling this will allow a change in the risk configuration of the parent WBS to cascade below to all its children.

If you missed adding a specific event to your register, you can do that from the main screen. Simply type the name of the risk event you wish to add and click create. This event will automatically be added to your risk register with default impact and probability values.

Import Risk configuration from a previous update

You can import your risk and uncertainty configuration from a previous update with one click. From the main screen, click the import button, and all your duration uncertainties and risk configurations will be applied to your current update.

Get the risk profile of any activity or WBS fast and easy

Now that you have assigned risk events and set your duration uncertainty, click on the run button to run your simulations. Once the simulations are completed, select the activity or WBS you care about and click the Result tab. You will immediately gain access to an interactive visualization that shows the entire risk curve and P positions of the selected activity/WBS. You can also share the results with the rest of your team with just one click! Simply click the export icon and you will get a shareable PNG that you can then share with your team!

The interactive visual presents the P position of your selection, where the cumulative probability of your selection experiencing a delay of a given size, with P50, P85, and P95 being highlighted. You can of course get any P value you want by just hovering over the visual

Use smart filters to focus your energy on high-value activities

You can also use the filtering feature to filter out activities based on names, IDs, start and finish dates, WBSs, and total float.

Simply click on the Filter icon on the top row, and select the filters you wish to apply - each filter is dynamically applied so once you have set your preferences, simply close the slider and your filter will have already been applied.

Make decisions in context using the embedded Gantt chart

You can make risk-based decisions in context using the interactive Gantt chart to your right. You can also switch on/off links based on whether you want to opt for clarity or comprehensibility.