Project Risk Analysis

Project Risk Analysis 3.1 is an excellent tool for anyone in the Business field, especially those focusing on Project Management. Developed by Katmar Software, this latest version allows for a more robust evaluation of capital risks associated with projects. It calculates the financial contingency required to cover those risks in a rational and defendable manner, moving far beyond the unreliable "gut feel" estimations.

The application, available for download, comes as two files: analysisui.exe, and ProjRisk.exe. The executable files are compact, with a total size of just 2.8 MB, making it quick and easy to install even on older machines.

Project Risk Analysis supports a wide array of operating systems, including Windows XP, XP Professional, Vista, 7, 8, 10, and 11. Its interface is user-friendly and accessible, ensuring compatibility across both new and older systems without any significant performance issues.

In terms of other versions of the program, versions 3.0, 2.1, and 2.0 have preceded the current release, each building upon the last to offer a more comprehensive risk assessment toolkit.

The program stands out by providing the rationale behind the financial contingency calculations, helping users defend their budget predictions to stakeholders convincingly. By using this tool, businesses can effectively mitigate project risks, ensuring more precise and justifiable budget allocations.

Pros:

• Free to download and use.
• Comprehensive risk analysis features.
• Small program size of 2.8 MB.
• Compatible with a wide range of Windows operating systems.
• Developed by a reputable developer, Katmar Software.

Cons:

• Limited to Windows operating systems only.
• Primarily focused on financial risk analysis, which might be too niche for some users.

You may want to check out more software, such as RiskyProject Lite, RiskyProject or @RISK, which might be similar to Project Risk Analysis.