Risking Schedule in Primavera 5.0?

Ben,

The phraseology is somewhat odd, but I believe that he is describing the process of evaluating the risk of project overrun due to uncertain activity duration estimations. Primavera sells a software package that can run the simulation (see http://www.primavera.com/products/pertmaster/index.asp) but only you can evaluate the degree of possible error in duration estimates.

The software is impressive but expensive. You will need instruction before you can evaluate your duration ranges and then access to the people who made the original duration estimates. Starting from zero leaves you a long way to go. Good luck!

Hi Ben,

As ronald mentioned it is one way to do or simply get your critical path and analyse the duration of activities on that path add on risk (additional duration) whatever you or your team think should be added to compensate the risk.Schedule teh project and see where the project ends.

Hope this is helpful

Regards

Nitin

Thanks Ronald & Nitin

Your comments have been very helpful for me.

I haven’t finished the schedule yet, though I will be risking by the end of the week.

I’ll let you know how it goes!

Regards
Ben Hall

Hi Ben

Nitin is correct, I would however suggest you include all low float activities in your evaluation, you may have risk on a critical activity which may hurt you during your project.

Jackie

Appologies, the post should read that a near critical activity may also impact your project.

Jackie