Scheduling: Schedule Risk Analysis (SRA)
A Schedule Risk Analysis (SRA) simulation, also known as Monte Carlo, is a mathematical technique used to estimate the possible outcomes of an uncertain event. Instead of relying on a single "best-guess" number, it uses probability distributions to account for risk and uncertainty.
The process involves running a model thousands of times, each time using a different set of random values within a defined range. This creates a range of possible results and the likelihood of each one occurring.
?️ Configuration (Admin)
Schedule Risk Analysis is a native, built-in functionality within the Cora Scheduling feature. To ensure ease of use no additional configuration or setup is required to activate these calculations.
Note: To use the Schedule Risk Analysis, users will need to be in a profile that has full task changes (#14 in Project Profiles).
Be sure to add Variance to the Project Toolbar when completed.
? Items to be aware of (Gotchas!)
Item | Admin, End User, or Both |
|---|---|
Project Profile - Users must be in a profile (Project Access) that allows full change access to the schedule (ie: Gantt) to be able to use this feature. | Both |
A schedule with a minimum of one task is required for this feature | End User |
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