Build Scenario Command on the S3 // Risk Tab

Click this command to build a new scenario based on the current risk model or use the options in the drop-down menu to specify the scenario settings.

Copy

Field/Option Description
Create Copy Select this command to copy the current risk analysis model to evaluate alternate scenarios. A new scenario called <current model name> scenario is added to the Projects pane.

Risk Inputs

Creating scenarios based on risk inputs is useful when needing to re-calibrate a schedule based on the project's team uncertainty rankings.

Field/Option Description
Scenario based on Risk Inputs Use these commands to specify whether you want a scenario built using a weighted average or an average value. You can achieve this using one of the following modes:
  • PERT Method uses the PERT algorithm ((max+4*most likely+min)/6 to re-calibrate the schedule/cost model.
  • Distribution Median takes the median value between min, most likely, and max to re-calibrate the schedule/cost model.

Risk Outputs

Field/Option Description
Scenario base on Risk Outputs Select a number in the P Schedule field to create a scenario based on any P-Value from the risk analysis. After creating the scenario, you can publish the risk-adjusted schedule back to the scheduling tool or use it as the basis for building a new risk model.