Guild of Project Controls: Compendium | Roles | Assessment | Certifications | Membership

Tips on using this forum..

(1) Explain your problem, don't simply post "This isn't working". What were you doing when you faced the problem? What have you tried to resolve - did you look for a solution using "Search" ? Has it happened just once or several times?

(2) It's also good to get feedback when a solution is found, return to the original post to explain how it was resolved so that more people can also use the results.

Identifying Cost and Schedule Risk Drivers with Acumen Risk

No replies
Jenn Weber
User offline. Last seen 8 years 13 weeks ago. Offline
Joined: 20 Jan 2011
Posts: 35
Groups: None

The Risk Drivers report from Acumen Risk provides a unique insight into true cost and schedule risk drivers in an easy to understand tornado chart.  Using a metric called Schedule Contribution Factor, Acumen Risk reports activities or risk events with a high impact on the overall risk exposure of the project - and reports these in true cost and schedule terms.  Additionally, the risk drivers report allows you to differentiate between the effects of Scope Uncertainty and Risk Events to determine whether it is the activity scope/certainty or indeed a risk event impacting the activity that causes it to become a key risk driver and allowing you to focus your mitigation efforts.  

There is a short video demonstration on the Acumen website further explaining this concept: 

http://www.projectacumen.com/resource/prioritizing-risk-mitigation/