Great! Your Deltek Acumen risk exposure histogram graph displays the probability of completing the project by a specific date. But which activities then should be risk mitigated to shorten the schedule? For this information look to the tornado plot. Schedule risk analysis first and foremost is communicated in a histogram risk exposure graph. This graph […]
Deltek Acumen Schedule: Cost Uncertainty and Cost Risk
Just as duration uncertainty may have a significant effect on schedule risk, cost uncertainty may have a material effect on cost risk. And the cost uncertainty affects the cost probability distribution more as the length of the schedule increases. Deltek Acumen uses the Monte Carlo analysis to compute a probability distribution of the expected completion […]
Generating Schedule Tornado Plots In Acumen Risk
Generating Schedule Tornado Plots in Acumen Risk Dr. Dan Patterson, founder of the Acumen Company subsequently bought by Deltek, says “risk models do not need to be complicated to be meaningful.” This is the intent of tornado plots, so here we take a look at them. When it comes to risk reporting, the mantra keep […]
Deltek Acumen – Setting Duration Uncertainty for Groups
A student recently asked if there is a way to set Deltek Acumen’s S3//Risk duration uncertainty for groups. Deltek Acumen has a very efficient way for updating duration uncertainty for individual activities or duration uncertainty for groups i.e. all activities below a Work Breakdown Structure (WBS) element. The duration uncertainty setting allows you to change […]
Making Deltek Acumen Fuse Metrics Available to New Workbooks
Many folks want to create and save Deltek Acumen Fuse Metrics and make it available to new Acumen Fuse workbooks. Deltek Acumen Fuse software provides a plethora of metrics for inspecting the quality of your respective schedule. It also organizes these metrics into metric groups. This includes the Schedule Quality group that Acumen provides as […]
Using Deltek Acumen Fuse’s Trend Analysis
Deltek Acumen Fuse schedule metrics help schedulers plot the trend of a project. This enables them to quickly spot schedule issues or opportunities, and respond accordingly. This is useful for when project managers plot scheduling metrics over time, trends appear that provide valuable insight into the true schedule situation. As a general scheduling rule, if […]
Modeling Risk Event Mitigation Efforts in Deltek Acumen Risk
Let’s say your project has the potential to incur a procurement delay that jeopardizes project completion. How can Deltek Acumen Risk help you consider a mitigation effort to reduce the impact of this procurement delay? Deltek Acumen Risk provides a Monte Carlo simulation that calculates probability distributions of project completion based on numerous iterations of […]
Deltek Releases Acumen 8.3
Good news! Deltek has just released Deltek Acumen 8.3 and here’s a sneak peak at what’s in it. There’s a combination of some very useful new features and enhancements as well as addressing a few known issues. Let’s take a look at the new features: Merge a Metric Template Library Into An Existing Workbook You […]
Deltek Acumen Fuse Diagnostics Custom Metric View
Deltek Acumen Fuse diagnostics include a wealth of schedule custom metrics and standard metric groups. But you can also create and customize your own metric groups suited to your schedule analysis requirements. Deltek Acumen Fuse provides an abundance of project analysis and diagnostics tools to inspect and improve the quality of your schedule. Acumen comes […]
The Deltek Acumen Risk Exposure Comparison Chart
The Risk Exposure Comparison Chart or the S Chart Analyzer is commonly used to compare the probability curves between different risk models. Deltek Acumen Risk’s schedule simulation software provides Monte Carlo probability distributions based on activity uncertainty. This Monte Carlo analysis is a significant improvement over single point deterministic schedule analysis. Additionally, schedulers can include […]