An Idiomatic and Sensory Investigation of Interactive Visual Risk Assessments
What do we mean when we say “I see trouble ahead?” Notice that we don’t say, “I’ve reviewed a tabular report and I prognosticate problems,” or, “I touched the report you sent, and I feel trouble on the way.” Sometimes people say they can smell trouble, or smell trouble brewing, but most often it is seeing it on a wall, in a diagram, or in our minds eye that enables clear cognition of impending calamity. It’s fair to say that visualization is a key factor in recognizing risk in general.
When it comes to schedule risk, until recently, visualization options have been limited, and disconnected from the actual schedule. Until the development of the Graphical Path Method (GPM) and NetRisk, there was no way to see a schedule on a timescale and interactively visualize the impact of a particular risk on the schedule.
Most conventional schedule risk tools work by importing information from an outside scheduling tool such as Oracle Primavera Risk Analyzer or Acumen Risk. Once the data is imported, it gets massaged further, ranged and iterated to generate a series of graphs and tabular reports. Experts then interpret these reports and recommend mitigating measures to apply to the schedule.
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One then can return to the scheduling tool of choice, enter the suggested changes, export to the schedule risk tool, rerun the analysis and review the results to determine if the suggested mitigation has accomplished risk reduction – and repeat as necessary. As our CEO, Dr. Gui Ponce de Leon is often heard to say, “Seems like a lot of arm waving.” Arm waving indeed. As Henny Youngman might have quipped, “I just finished risking my schedule, and boy are my arms tired…”
With GPM and NetRisk, you work within the graphical time-scaled network schedule model to risk the schedule and run the statistical analysis. Your deterministic schedule is only a click away. You can also review any individual iteration of the statistical analysis. With GPM and NetRisk schedule risk analysis. the process involves less arm waving and more insight.