Overview

RiskyProject Lite is a value-priced, entry-level software tool designed for project managers to perform schedule and cost risk analysis using Monte Carlo simulation. It enables creation of realistic, risk-adjusted project schedules by forecasting completion dates, estimating cost and contingency, identifying critical risks, and allocating resources efficiently—all without requiring advanced risk analysis knowledge. It integrates seamlessly with existing project schedules from tools like Microsoft Project or Oracle Primavera and supports ongoing project tracking using actual performance data.

Features and Capabilities

• Integrated Monte Carlo Analysis: Perform combined schedule and cost risk analysis using Monte Carlo simulation to generate probabilistic schedules and cost/cash-flow curves.
• Risk Register & Qualitative Risk Management: Manage risks through an integrated risk register supporting threats, opportunities, issues, and lessons learned, with customizable properties.
• Sensitivity & Critical Risk Analysis: Rank and identify risks with the highest impact and determine crucial tasks via sensitivity analysis.
• Seamless Integration: Works standalone or integrates with Microsoft Project, Oracle Primavera, and other scheduling tools, supporting easy data import/export.
• Project Tracking: Accepts real-life performance data (e.g. % complete) to forecast remaining duration and update risk profiles dynamically.
• Customizable Reporting Views: Offers multiple customizable views, including risk dashboards, histograms, tornado charts, and PowerPoint-exportable reports.
• Ease of Use: Designed for users without advanced statistical or risk theory knowledge; complex statistical computations are hidden from the user.