Analysing the results of risk analysis

Once you have carried out risk analysis on a project, you can use a variety of graphical reports to review the results:

  • Duration Sensitivity report - identifies the tasks in a project that are most likely to affect the finish date of the project if their duration is changed - ie the tasks most likely to cause delays unless they are monitored closely.
  • Cost Sensitivity report - identifies the tasks in a project that are most likely to affect the total cost of the project if their cost is changed - ie the tasks most likely to cause an increase in costs unless they are monitored closely.
  • Criticality Index Sensitivity report - identifies the tasks in a project that appear on the critical path most often in the iterations that are produced during risk analysis.
  • Finish Date Likelihood and Distribution report - identifies the number of times each potential project finish date was achieved across the iterations that were carried out during the last risk analysis operation, the likelihood in percentage terms of a particular project finish date being accurate, the earliest and latest possible project finish dates, the mean project finish date, and the standard deviation from the mean. 
  • Cost Likelihood and Distribution report - identifies the number of times each potential project cost amount was achieved across the iterations that were carried out during the last risk analysis operation, the likelihood in percentage terms of a particular project cost amount being accurate, the lowest and highest possible project cost amounts, the mean project cost amount, and the standard deviation from the mean.
  • Income Likelihood and Distribution report - identifies the number of times each potential project income amount was achieved across the iterations that were carried out during the last risk analysis operation, the likelihood in percentage terms of a particular project income amount being accurate, the lowest and highest possible project income amounts, the mean project income amount, and the standard deviation from the mean.
  • Margin Likelihood and Distribution report - identifies the number of times each potential project margin amount was achieved across the iterations that were carried out during the last risk analysis operation, the likelihood in percentage terms of a particular project margin amount being accurate, the lowest and highest possible project margin amounts, the mean project margin amount, and the standard deviation from the mean.

As well as viewing the graphical reports on screen, you can copy the information from the reports to the Windows® Clipboard and export them to Microsoft Excel® for further manipulation.

Related Topics:

Working with risk analysis results

Viewing sensitivity reports

Viewing likelihood and distribution reports