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Give the name of some risk management software. What are the main advantages of using them in managing projects? What are the main disadvantages?

I found a lot on google. Confusing and unclear responses. Please can you help?
asked 10 years ago by anonymous

1 Answer

Let me give you one example and perhaps if you want to know more about specific software, you can post a more detailed question.  There is a new add in for MS Project called Barbecana Full Monte.  Full Monte is a Monte Carlo simulation.  Essentially Full Monte simulates your project schedule thousands of times and examines the probability of successful outcomes -- so it focuses on scheduling risks. From the web site:

Barbecana specializes in risk analysis software for the project management industry. A passion for fast, elegant code results in some of the quickest, feature-rich risk analysis software available in the market. Barbecana’s risk software is perfect for those in aerospace and defense, construction project management, technology project management, engineering, government contracts and more.
answered 10 years ago by sdcapmp (45,840 points)

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