Patent ID: 8577712

Claim:
A method for assessing risk, the method comprising: identifying a future deadline for completion of at least one project milestone; receiving an estimate of an amount of time slippage associated with the future deadline; calculating, with a computer, a probability of missing the future deadline, wherein the probability of missing the future deadline is calculated by dividing the estimated amount of time slippage by a sum of a time remaining until the future deadline and the estimated amount of time slippage; calculating, by the computer, a percent of milestone slippage by dividing the time slippage associated with the project milestone by a sum of a milestone elapsed time and the time remaining until the future deadline of the milestone; presenting, by the computer, on a user interface a coordinate system comprising a first dimension representing a range of probabilities of missing the future deadline and a second dimension representing a range of percent of milestone slippage; plotting, by the computer, a data point representing each project milestone in the coordinate system where a value in the first dimension is the calculated probability of missing the future deadline and a value in the second dimension is the calculated percent of milestone slippage; defining a first region, a second region, and a third region in the coordinate system; and determining, by the computer, a risk level for each project milestone based on the location of each data point being in either the first region, the second region, or the third region in the graph.