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Risk
1 tool in the Project Management area.
Risk Register and Quantitative Risk
Qualitative and quantitative analysis of a project risk register pasted as text: each risk's probability (a value or a 1–5 likelihood level), its cost and schedule impacts as low / most likely / high ranges (triangular, PERT or uniform), its response strategy with the response cost and the post-response values. The tool scores every risk on the DoD Risk, Issue, and Opportunity Management Guide (2017) likelihood and consequence scales and places it on the guide's 5 × 5 reporting matrix (or on a score matrix with entered thresholds), ranks the register, computes the expected monetary value of every risk before and after its response with the net benefit and return ratio of the response, and runs a seeded Monte Carlo simulation (Bernoulli occurrence times an impact draw, occurrences correlated by a Gaussian copula for entered pairs, cost and schedule jointly) for the S-curves of the total cost and schedule impact, the contingency at the chosen confidence level, the cost–schedule scatter, the drivers of the P-level and the expected-exposure burn-down by month. The default case is an illustrative eight-risk register on a $10 M, 24-month baseline; the DoD guide's Table 3-3 example (four risks, EMV and expected return on investment) and the NASA Cost Estimating Handbook's two-risk occurrence rule can be loaded from the selector.
1 worked example reproduced, listed on the tool page.