P-Value Overview

Probability Values or P-values are the lens with which you can view instant feedback related to the affects risk or opportunity items have on the planned schedule and/or cost structure.

You can interact with P-Value to manipulate your visibility into a risk-adjusted project.

Select a P-value by clicking on the P-value icon to show a drop-down displaying the options for selecting a value.

A P-value of 75 can be interpreted as “we are 75% confident in hitting or beating a target goal”.

The selected P-value shows adjustments to items such as dates and durations. When a risk assignment has an effect to the project, the P-value lens shows in red, how it affects the project. In this example, the duration for “Create Early Stage Construction Docs” increases from a planned duration of 63 to a P-value 75 adjusted duration of 91.