Words on this page that have been underlined and italicized can be found in the glossary on the bottom of the page.
Tip
To view any result chart next to risk or ranging inputs, open the same file in another instance of NetRisk and snap them each side-by-side.
Chart Layouts
Layouts store the configuration preferences of the results charts to the computer for applying across multiple files. The following items comprise a layout and will be discussed in more detail in this chapter:
Characteristic
Definition
Scope
Markers
Markers are added or removed to the charts to call attention to specific values on the chart.
A change to a marker applies across all chart types within a file
Labels
The text/names for the chart, x-axis, y-axis, and secondary y-axis
A change to the labels is unique to each chart type within a file
Curves and bars
For example, visibility, color, points, point values, bar width, etc.
A change to the formatting of curves and bars applies across all chart types within a file
Formatting
For example, font, size, bold, italics, underline, color, alignment, case
A change to the formatting is unique to each chart type within a file
Filters
For example, statistical significance or hiding values on axes
A change to the filters applies across all chart types within a file
To save the active configuration preferences for all charts:
Click the Layouts icon in the Chart pane toolbar
Choose New Layout
Enter a name and click Save
To rename or delete, repeat step 1 and choose accordingly.
To apply a different layout to your file, click the dropdown next to Chart Layout and choose accordingly.
Key Milestones
key milestones allow you to filter the table to only the most important milestones (or activities) in the schedule quickly and easily. For example, major stage gates, completion of important phases, enclosure of a building, or substantial completion of the project. Key milestones are only available in the Results view.
Click the Results icon.
In the Key column of the Table pane, click once in the star iconuntil it turns yellow.
Click the Filter icon above the table and select Key, or type "key" into the search box.
Distribution Charts
Distribution charts show bars representing the number of iterations a value was observed during simulation, as well the cumulative total via the cumulative curve. Distribution charts can be viewed for start date, finish date, duration, drift, float, total float, cost, probabilistic cash flow, and float risk envelope. As different activities or WBS nodes are selected in the Table pane, the chart will update accordingly.
Click the Results icon.
Click the Simulation dropdown in the Table pane and choose a desired simulation.
Click the Chart Type dropdown in the Chart pane and choose the desired chart.
Tip
Hover over any bar or any data point to see the actual values.
In the Table pane, activities and their data correspond to the state when the simulation was ran, regardless of whether or not the model has since been updated.
Add or remove series of data for desired percentiles
Cash Flow
Four types of markers exists, as follows:
Marker Type
Definition
Inputs
Delta Marker
Shows the variance between two values, for example, the deterministic duration and the P80 duration. Not available for Cash Flow.
The horizontal portion of the delta marker will be drawn at whatever height is entered in the Percentile column.
Value 1: the low
Value 2: the high
Color: the line color
Percentile: the height at which to draw the delta label
Line: whether or not to show the vertical lines
Deterministic Marker
Shows the planned (pre-simulation) value or data.
For the Cost chart, if an activity was in-progress and had both a Planned Cost and Actual Cost entered on the Ranging tab, two deterministic markers will show up on the chart: one for "Planned Cost" and one for "Projected Cost". Projected cost is equal to the planned cost minus the actual cost for the remaining duration.
Color: the line color (not applicable for Cash Flow)
Line: whether or not to show the vertical lines (not applicable for Cash Flow)
P Value Marker
A P value is the value which was observed during at least X% of iterations. For example, the P80 Finish Date is the finish date observed during at least 80% of the iterations. To put it another way, 80% of the iterations completed on that date or earlier. The P80 cash flow is the cash flow observed during at least 80% of the iterations.
Color: the line color (not applicable for Cash Flow)
Percentile: the desired percentile
Line: whether or not to show the vertical lines (not applicable for Cash Flow)
Variance Marker
Shows the variance between two points at the selected percentile.
Only available when comparing more than one series (e.g. simulation, activity, or cash flow percentile)
Value 1: the EARLIER data
Value 2: the LATER data
Color: the line color
Percentile: the p value for comparison (not applicable for Cash Flow)
Line: whether or not to show the vertical lines
Cash Flow: an option for choosing between cumulative variance (bars) or non-cumulative variance (curves) (only available for Cash Flow)
Date: the date for comparison (only applicable for Cash Flow)
Click the Results icon.
In the Chart Properties pane, click the Add button next to the Markers list.
Click the dropdown in the Type column to change marker types.
To remove, select the row in the list and click Remove.
Recalculating the X-Intervals for Cost Charts
The x-axis of the cost distribution chart can be grouped into smaller or larger buckets, e.g. $100, $1,000, $10,000 etc. Larger intervals will reduce the number of bars and smaller intervals will increase the number of bars. For example, with an interval of $1,000, an iteration with a total cost of $500 and an iteration with a total cost of $1,000 would be represented by a single bar with 2 hits rather than two separate bars each with one hit.
The cash flow chart can be recalculated based on days, weeks, months (default), quarters, or years. When choosing weeks, whichever day the project starts on will define the beginning of the week. To recalculate the x-axis interval:
Click the Results icon.
In the Chart pane, click the dropdown next to Chart Type and choose either Cost or Cash Flow.
In the toolbar above the chart, click the dropdown next to X-Axis Interval and choose as desired.
Scatter Plots
Distribution charts show a single variable (completion, OR cost, OR duration). The problem is, if we target a date with an 80% probability of being met, there are many costs associated with that date, some of which are not 80% likely to occur. Similarly, if we target a cost with an 80% probability of being met, there are many dates associated with that cost, some of which are not 80% likely to occur. Targeting the P80 cost and P80 finish will not result in an overall P80. Scatter plots combine two variables and allow us to see the joint probabilities. Scatter plots are available for Completion & Cost or Duration & Cost.
Scatter plots are divided into four quadrants, which can be adjusted by moving the vertical and horizontal lines. Each quadrant shows the percentage of iterations that fall within the quadrant. To see, for example, the joint P80, move each line until the quadrant at the bottom left (Q3) shows 80%. You'll see there are many combinations of cost and date to achieve this. A curve can be drawn connecting all of the combinations called the joint confidence level curve by clicking the Joint Confidence Colors icon in the chart toolbar. The curves default, and are fixed, to 20%, 50%, and 80%.
Click the Results icon.
In the Chart pane, click the dropdown next to Chart Type and choose either Completion & Cost or Duration & Cost.
Click on either line or at the center and adjust until you see the desired probability or value for each line.
To change color scheme, click the Joint Confidence Colors icon in the chart toolbar.
Overlaying Scatter Plot and Cash Flow
While viewing the cash flow chart, the scatter plot can be overlayed on top of it. To do so:
Click the Results icon.
In the Chart pane, click the dropdown next to Chart Type and choose Cash Flow.
In the toolbar above the chart, click the Scatter button.
Tornado Charts
Tornado charts show results organized from high to low for a variety of data sets.
Tip
When the number of results is larger than the amount of vertical space, bars will be merged to make them fit on a single screen. To view every bar individually, use the scroll wheel on your mouse to "zoom in". The chart can then be scrolled up and down.
Chart
Definition
Activity Priority
The significance of an activity on the project's duration defined as criticality * (1+cruciality). Milestones, WBS summaries, hammocks, or LOE's will not show up.
Criticality
The proportion of iterations activities were observed on the path with 0 days of float (GPM) or total float (CPM).
Duration Cruciality
The correlation between activity durations and the duration of the project. Milestones, WBS summaries, hammocks, or LOE's will not show up.
Risk Priority
The potential gain in calendar days or dollars after removing each risk during simulation.
Non-working calendars are NOT treated as risks/removed when calculating risk priority.
Risk Sensitivity
The correlation between existence of a risk and the duration or cost of the project. A positive result suggests that when the risk occurs, the project takes or cost more; a negative result suggests that when the risk occurs, the project takes or costs less:
Result
Meaning
0 - 0.2
The correlation is very weak, or essentially random.
0.2 - 0.6
There is some correlation
0.6 - 1
The correlation is strong
Safe Float
The number of days an activity can be delayed without delaying a desired probabilistic finish date (p value).
As different activities or WBS nodes are selected in the Table pane, the chart will update accordingly, as well as be filtered or recalculated as indicated. To view tornado charts:
Click the Results icon.
Click the Simulation dropdown in the Table pane and choose a desired simulation.
Click the Chart Type dropdown in the Chart pane and choose accordingly.
Tip
Hover over any bar or any data point to see the actual values.
Safe Float
Total float is a fundamental scheduling concept; however, it is measured to the deterministic project completion date. During risk analysis, the project completion depends on the p value, or likelihood, chosen by the team. Total float to the P80 project completion date is not the same as total float to the P70 completion date - in fact, it's greater, since, despite the fact that the confidence must be higher, the P80 project completion date is ultimately later. To solve this issue, NetRisk introduces Safe Float: the number of days an activity can be delayed without delaying a desired probabilistic finish date (p value). In addition, NetRisk provides the date by which the activity must start so as to not delay the designated probabilistic finish date, i.e. the Safe Float Start Date.
Safe float and the safe float start date can be viewed in the table for any p-value in increments of 5. For details on customizing columns, see Interface Tour.
Safe float can be viewed as a tornado chart for up to 2 p-values simultaneously. For instructions, see tornado above.
Chart Properties
The Chart Properties Pane will update depending on the selected chart type. Any modifications are stored with the file.
Labels
Property
Definition
Available for
Title
A label for describing the chart, which displays at the top in bold.
All charts
X-Axis
A label for describing the x-axis.
All charts
Y-Axis
A label for describing the y-axis on the left.
All charts
Y2-Axis
A label for describing the y-axis on the right.
All distribution charts
X2-Axis
A label for describing the x-axis on the top.
Risk Priority
Legend
Property
Definition
Available for
Show Legend
A toggle for showing a color legend.
All charts
Include ID's
A toggle for including activity/WBS ID's in the legend for each series
A description of the series, which will be displayed in the legend. By default, truncates to 40 characters.
All distribution charts
All tornado charts
Curve
A toggle for displaying the cumulative curve.
All distribution charts
Curve Color
The color of the curve.
All distribution charts
Curve Points
A toggle for showing points where the x and y-axes intersect.
All distribution charts
Curve Values
A toggle for showing the y-axis value for the intersections.
All distribution charts
Bars
A toggle for displaying the frequency bars.
All distribution charts
All tornado charts
Bar Color
The color of the bars.
All distribution charts
All tornado charts
Bar Width
The size of the bars, independent of time.
All distribution charts
All tornado charts
Bar Values
A toggle for showing the values of the bars.
All distribution charts
All tornado charts
Values Centered
A toggle for centering the values in the middle of the bars instead of at the end.
All distribution charts
All tornado charts
Point Size
An option for adjusting the size of the dots.
All scatter plots
Q1 Color
The color of the dots in quadrant 1.
All scatter plots
Q2Color
The color of the dots in quadrant 2.
All scatter plots
Q3 Color
The color of the dots in quadrant 3.
All scatter plots
Q4 Color
The color of the dots in quadrant 4.
All scatter plots
Deterministic Shape
The shape for the deterministic point on the chart.
All scatter plots
Deterministic Size
The size of the shape for the deterministic point. Options include: Circle, Square, Diamond, Triangle, Pentagon, Hexagon, Star,
All scatter plots
Tornado Charts
Property
Definition
Available for
Significance Level
The significance value, for example 90%, tells us the likelihood that the result is truly correlated vs. the likelihood that the correlation is random (for example, 20%). From a statistical perspective, a significance of 90% or higher is ideal. Anything below 20% is basically random.
Hover the mouse over any bar on the chart and look for the value in parenthesis at the end.
Duration Cruciality
Activity Priority
Risk Sensitivity
Hide values between
A toggle for filtering out values from being displayed. For example, to hide negative values, enter -100 to 0. To hide positive values, enter 0 to 100.
All tornado charts
Correlation Method
The Pearson method uses original simulation values and is a measure of the linear relationship between the two variables.
The Spearman method takes original simulation values, assigns each one a rank, and then applies the pearson method. Pearson is considered better if the values being compared are normally distributed while spearman may be better if the data is more scattered or outliers exist.
Duration Cruciality
Activity Priority
Risk Sensitivity
Risk Priority Percentile
The percentile by which to measure the potential gains. For example, entering "80" would tell us the number of days or dollars potentially gained during at least 80% of the iterations.
Risk Priority
Risk Priority Sorting
An option for sorting the risk priority tornado chart. When sorting by Potential Gains or Potential Savings, the chart is arranged from the risk that contributed the highest gains at the top to the risk that contributed the lowest gains at the bottom.
When sorting by Order Removed, the chart is arranged from the first risk removed during simulation to the last risk removed during simulation.
Risk Priority
Label Format
A toggle for choosing what combination of ID and description to show for each bar.
All tornado charts
Risk Sensitivity
A toggle for choosing what to display on the risk sensitivity tornado chart. Checking Risks will display a single bar for a risks/scenario's schedule sensitivity and a single bar for cost sensitivity. Checking Risk-Activity Assignments will display multiple bars, one for every activity to which a risk/scenario has been assigned.
Risk Sensitivity
Risk Sensitivity Order
An option for sorting the risk sensitivity chart. Schedule, Cost will sort schedule from high to low with no sorting of cost. Cost, Schedule will sort cost from high to low with no sorting of schedule.
Risk Sensitivity
Chart Formatting
The following chart elements can be formatted directly on the chart:
Element
Supported
Not Supported
Chart Title
Font style, font size, bold, italics, underline, color, case, alignment
X-Axis Line
Color
Font style, font size, bold, italics, underline, case, alignment
X-Axis Values (as a group)
Font style, font size, bold, italics, underline, color
Case, alignment
X-Axis Label
Font style, font size, bold, italics, underline, color, case
Alignment
Y-Axis Line
Color
Font style, font size, bold, italics, underline, case, alignment
Y-Axis Values (as a group)
Font style, font size, bold, italics, underline, color
Case, alignment
Y-Axis Label
Font style, font size, bold, italics, underline, color, case
Alignment
2nd Y-Axis Line
Color
Font style, font size, bold, italics, underline, case, alignment
2nd Y-Axis Values (as a group)
Font style, font size, bold, italics, underline, color
Case, alignment
2nd Y-Axis Label
Font style, font size, bold, italics, underline, color, case
Alignment
Bars/Values
Font style, font size, bold, italics, underline, color
Case, alignment
Curve/Values
Font style, font size, bold, italics, underline, color
Case, alignment
Marker/Values
Font style, font size, bold, italics, underline, color, position
To modify the position, click and drag with the mouse.
Case, alignment
Legend
Font style, font size, bold, italics, underline, color
Case, alignment
Quadrant Labels
Font style, font size, bold, italics, underline, color, position
To modify the position, click and drag with the mouse.
Case, alignment
Dots
Color
Font style, font size, bold, italics, underline, color, case, alignment
To do so:
Click the Results icon.
Select the desired element directly on the chart with the mouse. The selected element will be confirmed in the toolbar above the chart, e.g. "Title Formatting".
Click the desired icon or font picker immediately to the right.
Comparing Charts
The following comparisons can be made:
Simulation to simulation, for example completion dates for the same activity in multiple simulations
Activity to activity, for example completion dates for multiple activities within the same simulation
Multiples, for example completion dates for multiple activities in multiple simulations
Charts of different types cannot be compared to one another. When comparing tornado charts for multiple simulations, the order of the simulation selected will determine the order for the tornado.
To compare Risk Priority for two simulations, select the first simulation group (to determine the tornado order) and then select each run individually beneath the second simulation group. If you select the second group parent, the first simulation group will be deselected.
Simulation to Simulation
Click the Results icon.
Click the Simulation dropdown above the Tablepane
Check the box next to each simulation desired.
Click Close.
The table will only show activities and their data for the LAST simulation clicked, indicated above the list. If an activity existed in the last simulation clicked but did NOT exist in one of the other simulations, a series will NOT show up for it on the chart. If an activity didn't exist in the last simulation clicked, it will not show up in the table at all.
Activity to Activity
Click the Results icon.
In the Compare column, check the box next to each activity desired.
Printing or Exporting Charts
Charts can be printed to paper or to PDF or copied to the clipboard as an image for pasting into reports.
When printing to PDF, it is recommended to choose "Adobe PDF" rather than "Microsoft Print to PDF" for best results.
Click the Results icon.
In the toolbar above the Chart pane, click the dropdown next to Chart Type and choose the desired chart.
To generate a screenshot, click the Copy to Clipboard icon in the toolbar above the chart.
To print, click the Print icon .
Customize using the operating system's print window and click OK.
Portions of a chart can be printed by hovering over the chart with the mouse and zooming in using the scroll wheel.
Exporting Percentile Results to P6
Percentile data, or p values, can be exported to XER user defined fields (UDFs) for importing into P6. In P6, this data can be used to illustrate, for example, the entire schedule on P80 dates, side-by-side with the deterministic schedule on the Gantt chart.
When exporting out of P6, UDFs must have data for at least one activity to be included the export.
Click the Results icon.
Click the Export icon above the table and choose Export Percentile Results to P6 XER.
Click the Add button and customize as desired.
When finished, click Export.
Enter a filename and click Save.
P values can only be mapped to UDFs of the same type. For example, a start date CANNOT be mapped to a finish date UDF, or vice versa. Nor can it be mapped to cost, indicator, integer, number, or text.
P Value-to-UDF Columns
Column
Description
P Value (NetRisk)
The percentile from the simulation results, from 0-100.
Date Type
A toggle for choosing between Start and Finish data.
User Defined Field (P6)
A dropdown containing all user defined fields that were imported (if any) if the project began from an XER file.
If no selection is made, a new UDF is created, named after the P value/Date Type.
Available Table Columns
For details on customizing columns, filtering, sorting, and organizing by WBS, see Interface Tour.
Results Columns...
Column
Description
Abbr. Description
A NetPoint-unique field limited to 48 characters for describing the activity.
Calendar
The schedule that work on the activity can take place.
Codes
A submenu containing one column for every code in the schedule.
The organization and visibility of code columns is NOT saved with the application. Code columns must be turned back on every time the tab is changed.
Constraint #1
The primary constraint, if any. The following abbreviations are used: ALAP (As Late As Possible), MEO (Finish On), MEOA (Finish On Or After), FNL (Finish On Or Before), MS (Mandatory Start), MF (Mandatory Finish), MSO (Start On), SNE (Start On Or After), and MEOB (Start On Or Before).
Constraint Behavior
A toggle for controlling how constraints behaves during simulation (only enabled if an activity/milestone has a constraint).
If an activity has two constraints and Maintain is chosen, both will be maintained unless one is triggered, in which case the second one will be ignored.
ALAP constraints will never be maintained and this option disabled for activities with only ALAP constraints (if an ALAP and another constraint exist and Maintain is chosen, only the other constraint will be maintained).
Constraint #2
The secondary constraint, if any. The following abbreviations are used: ALAP (As Late As Possible), MEO (Finish On), MEOA (Finish On Or After), FNL (Finish On Or Before), MS (Mandatory Start), MF (Mandatory Finish), MSO (Start On), SNE (Start On Or After), and MEOB (Start On Or Before).
Criticality Index
The proportion of iterations activities were observed on the path with 0 days of float (GPM) or total float (CPM).
Cruciality Index
The correlation between an activity's duration and the duration of the project.
Description
The text field for describing the activity.
This column cannot be removed from the table when organized by WBS.
Deterministic Drift Percentile
The p value or percentage of iterations where a value equal to or less than the deterministic drift (i.e. the drift value before any simulation was ran) was observed during simulation.
Deterministic Duration Percentile
The p value or percentage of iterations where a value equal to or less than the deterministic duration (i.e. the duration value before any simulation was ran) was observed during simulation.
Deterministic Finish Percentile
The p value or percentage of iterations where a value equal to or earlier than the deterministic finish date (i.e. the finish date value before any simulation was ran) was observed during simulation.
Deterministic Float Percentile
The p value or percentage of iterations where a value equal to or less than the deterministic float (i.e. the float value before any simulation was ran) was observed during simulation.
Deterministic Start Percentile
The p value or percentage of iterations where a value equal to or earlier than the deterministic start date (i.e. the start date value before any simulation was ran) was observed during simulation.
Deterministic Total Float Percentile
The p value or percentage of iterations where a value equal to or less than the deterministic total float (i.e. the total float value before any simulation was ran) was observed during simulation.
Drift
The amount of the time an activity may advance before advancing the project start.
Duration Correlations
A summary of activities that have been correlated by ID with the coefficient showing in parenthesis.
Duration Sampling
Displays the distribution type and range if the activity's duration was enabled for sampling during simulation as well as the "existence probability" (P).
Earliest Finish
The earliest finish date observed during simulation.
Early Finish
The date the activity completes when its drift is equal to zero.
Earliest Start
The earliest start date observed during simulation.
Early Start
The date the activity begins when its drift is equal to zero.
Finish Date
The date the activity completes.
Float
The amount of the time an activity may be delayed before delaying the project completion.
Floating Sampling
Displays the distribution type and range if the activity's float was enabled for sampling during simulation, as well as the "% of iterations" (P) and "threshold" (T).
ID
The user-entered unique identifier.
Included Risks
A summary of all risks and/or scenarios by ID that were assigned and included in the selected simulation/run.
Key
A toggle for designating important milestones or activities to be filtered on quickly.
Late Finish
The date the activity completes when its float is equal to zero.
Latest Finish
The latest finish date observed during simulation.
Late Start
The date the activity begins when its float is equal to zero.
Latest Start
The latest start date observed during simulation.
Max Duration
The highest duration observed during simulation.
Max Drift
The highest drift observed during simulation.
Max Float
The highest float observed during simulation.
Max Total Float
The highest total float observed during simulation.
Mean Duration
The average duration observed during simulation.
Mean Drift
The average drift observed during simulation.
Mean Float
The average float observed during simulation.
Mean Start Date
The average start date observed during simulation.
Mean Finish Date
The average finish date observed during simulation.
Mean Total Float
The average total float observed during simulation.
Min Duration
The lowest duration observed during simulation.
Min Drift
The lowest drift observed during simulation.
Min Float
The lowest float observed during simulation.
Min Total Float
The lowest total float observed during simulation.
Planned Duration
The amount of time the activity takes to complete.
PX Drift
The "X" percentile drift (p value), i.e. drift value observed during at least X% of iterations. P values available from P5 to P95 in the Drift submenu.
PX Duration
The "X" percentile duration (p value), i.e. duration value observed during at least X% of iterations. P values available from P5 to P95 in the Duration submenu.
PX Finish Date
The "X" percentile finish date (p value), i.e. finish date value observed during at least X% of iterations. P values available from P5 to P95 in the Finish Date submenu.
PX Float
The "X" percentile float (p value), i.e. float value observed during at least X% of iterations. P values available from P5 to P95 in the Float submenu.
PX Safe Float
The "X" percentile safe float (p value), i.e. safe float value observed during at least X% of iterations. P values available from P5 to P95 in the Safe Float submenu.
PX Safe Float Start Date
The "X" percentile safe float start date (p value), i.e. safe float start date value observed during at least X% of iterations. P values available from P5 to P95 in the Safe Float Start Date submenu.
PX Start Date
The "X" percentile start date (p value), i.e. start date value observed during at least X% of iterations. P values available from P5 to P95 in the Start Date submenu.
PX Total Float
The "X" percentile total float (p value), i.e. total float value observed during at least X% of iterations. P values available from P5 to P95 in the Total Float submenu.
Priority Index
The significance of an activity on the project's duration defined as criticality * (1+cruciality).
Resource Cost
The total cost of the activity, as calculated by resource assignments.
The type of object, e.g. activity, milestone, hammock, etc.
WBS Sequence
A value for sorting when organized by WBS.
Weather Event Calendars
A summary of all event calendars assigned by ID.
Weather Window Calendars
A summary of all window calendars assigned by ID.
Glossary
Distribution: a range of possible outcomes (e.g. durations, impacts, etc.) together with their shape, from which a value will be sampled.
Drift: the amount of time an activity may be advanced before advancing the project start.
Iteration: one complete pass, from the beginning of the schedule to the end, whereby sampling of entered ranges is applied). All iterations taken together comprise a simulation.
P value: The value (date, duration, etc.) which was observed during at least X% of iterations. For example, the P80 Finish Date is the finish date observed during at least 80% of the iterations. To put it another way, 80% of the iterations completed on that date or earlier.
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