Risk Analysis Overview

Risk Analysis Overview_Demo

Risk analysis allows you to quantitatively analyze the effect of assessed risks on the schedule and cost of a project.

Risk analysis helps to answer important questions, such as: What is the likelihood of finishing this project on time and adhering to the budget? How much contingency is required to cover my risk? When a risk analysis is run, you can see in detail how the risk in the project impacts the project finish date and cost. You can also see what risks are contributing most, and understand how your risk response actions can reduce the impact.

Risks can be created as threats, opportunities, or weather events.

Risk analyses can be run from the project Risk Analysis, Response Actions, Risk Iteration Analysis, or Risk Register pages. Analysis results are viewed on the Risk Analysis page. You cannot run a risk analysis at the program level.