Project Risk Analysis Software and Project Risk Management Software Forum

How is the project risk score calculated?

The “risk” score for the project is a score calculated for either cost or schedule. There are several settings that can be used to calculate the score, however; fundamentally it is calculated:
Risk Score=Results of simulation/original estimate:

• If the score is < 1 then overall score indicates an opportunity
  If the score is >1 then the score indicates a threat

For calculation of the Score, you can select several options for the results of simulation that include Mean, Mean + Standard Deviation, and other predefined percentiles as the numerator in the formula.