Project Risk Management Software RiskyProject
Managing Mitigations Using Multiple Baselines: Waterfall diagrams
RiskyProject supports multiple baselines. You can save the current schedule or the calculated results as a baseline. A baseline is a deterministic project schedule, which you can use to:
• Track project performance against the baseline
• Analyze different project scenarios
• Perform mitigation analysis. For example, if you want to understand effect of mitigation efforts for a group of risks on project cost. To compare pre and post mitigation schedules, you perform an analysis without mitigation efforts and save the results as a baseline. Next, apply mitigation efforts, this can require additional tasks and costs and reduces the probability or impact of the risk in the current schedule. Calculate the post-mitigation schedule analysis and create another baseline with these results. Finally, perform a cost comparison between the pre and post mitigation baselines.
You can create baselines using the results of probabilistic schedule analysis. To do this when you create a baseline, you select a percentile on which to create the deterministic schedule. This creates a deterministic schedule with the results of the risk and uncertainty calculations build into it.
RiskyProject
presents "waterfall diagrams" for each risks. The "waterfall
diagram" is accessible through Risk Register.
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