Risky Project

RiskyProject is a project risk management and analysis software developed by Intaver Institute Inc. According to the vendor, the software is designed to assist organizations in assessing and managing risks associated with their projects. It is suitable for businesses of all sizes, ranging from small enterprises to large corporations. Professionals in various fields, including project managers, risk managers, planners and schedulers, engineers and architects, as well as those in the construction and infrastructure industries, can benefit from the features and functionalities offered by RiskyProject.

Key Features

Quantitative Risk Analysis: According to the vendor, RiskyProject allows users to perform quantitative risk analysis to assess the potential impact of risks on project schedules, costs, and resources. Users can identify critical risks and prioritize mitigation strategies.

Risk Register: The vendor states that RiskyProject enables users to create and maintain a comprehensive risk register to systematically identify, evaluate, and track risks throughout the project lifecycle. Users can capture risk descriptions, probabilities, impacts, and response plans.

Project Performance Tracking: According to the vendor, RiskyProject provides real-time monitoring and tracking of project performance. Users can identify any deviations from the planned schedule, budget, or resources and take proactive measures to address potential risks.

Reports and Dashboards: RiskyProject allows users to generate customizable reports and dashboards to communicate project risks, mitigation plans, and performance metrics to stakeholders. Users can visualize data using charts, graphs, and tables for easy interpretation.

Schedule and Cost Risk Analysis: The vendor claims that RiskyProject offers advanced analysis techniques to assess the impact of risks on project schedules and costs. Users can identify schedule and cost buffers, evaluate alternative scenarios, and optimize project plans to minimize risk exposure.

Monte Carlo Simulation: According to the vendor, RiskyProject utilizes Monte Carlo simulation to simulate project outcomes based on probabilistic analysis. Users can evaluate the likelihood of meeting project objectives and make informed decisions to improve project success rates.

Risk Mitigation Strategies: RiskyProject provides tools for analyzing the potential consequences of risks and identifying appropriate response plans. Users can develop effective risk mitigation strategies, implement contingency plans, and monitor their effectiveness to ensure project success.

Resource Optimization: According to the vendor, RiskyProject helps users optimize resource allocation and utilization by considering the impact of risks on resource availability. Users can identify potential resource bottlenecks and make informed decisions to maximize project efficiency.

Project Collaboration: RiskyProject offers a centralized platform for project team members to share risk information, updates, and documents. According to the vendor, this fosters collaboration, enhances communication, and facilitates coordination to effectively manage project risks.

Integration and Compatibility: The vendor claims that RiskyProject seamlessly integrates with other project management tools and software. Users can import and export project data, integrate with scheduling software, and ensure compatibility with existing IT infrastructure for a streamlined workflow.