Overview

RiskyProject Professional is a powerful desktop solution for comprehensive project risk analysis and management. It enables users to perform Monte Carlo simulations of cost and schedule, incorporate risk events and uncertainties, and generate risk-adjusted estimates. Featuring an integrated risk register, it supports the full risk lifecycle—from identification and ranking through mitigation planning to tracking. RiskyProject Professional also integrates seamlessly with scheduling tools like Microsoft Project and Oracle Primavera, streamlining workflow and enhancing decision-making efficiency.

Features and Capabilities

• Monte Carlo Simulations for Cost & Schedule: Performs risk-adjusted estimates with discrete risk events and three-point uncertainty modeling to forecast realistic project outcomes.
• Integrated Risk Register: Tracks risks and issues with customizable properties, allowing conversion from risk to issue, open/close status, and full-text searchability.
• Lifecycle Cash Flow & Financial Analysis: Supports cash flow views (monthly, quarterly, yearly), income/cost modeling, with NPV and IRR calculations.
• Event Chain Methodology & Gantt Visualization: Risk events displayed as color-coded arrows on Gantt charts, indicating probability and impact, simplifying risk assignment and understanding.
• Flexible Risk Matrix & Scoring: Customizable risk matrix to assess threats and opportunities; calculates risk score as probability × impact, both pre- and post-mitigation.
• Integration with Scheduling Software: Seamless interaction with Microsoft® Project, Oracle® Primavera and other tools, allowing import/export of schedules and maintaining compatibility.
• Support for Multiple Risk Types: Analyzes non-schedule risks (e.g., quality, safety, performance) alongside cost and duration, ranked uniformly using scoring.
• Advanced Workflow and Interface: Combines scheduling and risk workflows in a user-friendly interface, with features like multiple baselines, dashboards (KPIs), conditional branching, probabilistic calendars, and customizable reporting.