SYSTEM AND METHOD TO ESTIMATE THE EFFECTS OF RISKS ON THE TIME PROGRESSION OF PROJECTS
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United States of America Patent
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Issued Date -
Nov 3, 2011
app pub date -
Apr 29, 2011
filing date -
Apr 29, 2010
priority date (Note) -
Abandoned
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Abstract
An apparatus (computer coupled to risk and planning data repositories) and method are provided which, upon finding well in advance possible delays of time references of end task or key milestone of a project (or interdependent projects) in life cycle, due to potential risks, calculate and output a set of values (coefficients matrix). These coefficients represent a two-way link between each risk and each milestone and their values estimate the contribution of a specific risk to a specific task/milestone. For each risk, it is possible to highlight the contribution of such risk to possible shift of the whole set of project tasks/milestones; at the same time, for each project task/milestone, the coefficients highlight the contribution of the whole set of risks to the time shift of such milestone/task. The coefficients values address more effectively reduction actions of the possible project/tasks delays. Similar results pare achieved for multi-interdependent-projects.
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