Probabilistic Planning

A probabilistic planning incorporates real world risks to your project planning to create a more realistic planning. A probabilistic planning also gives you an insight in the risks with the biggest impact on your planning. This greatly improves your project management and increases the chance that you deliver on-time and within budget.

To create a probabilistic analyses of your planning you can follow these steps:

1. Set up a deterministic project planning without the slack for the occurrences of the project risks
2. Set up a project risk register with risk description, likelihood, impact on planning in days, planning phase or activity in which the risk can occur
3. Connect deterministic planning and risk register on phase and activity
4. Perform a Monte Carlo analyses of the connected planning

Project Risk Online specialises in project risk management. We support projects around the world with probabilistic planning analyses for projects in IT, infrastructure, energy and construction. If you already have a proper deterministic planning and risk register we can do the Monte Carlo analyses for your projects. If required we can also support you with setting up and maintaining your project planning and risk register.

For more information, please contact us at info@projectrisk.online