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Schedule Risk Assessment

Schedule Risk Assessment (SRA)

Scheduling Terms Reviewed by forProject Technology - updated Sep 2026
Quick definition: A Schedule Risk Assessment (SRA) is a process that uses statistical or probabilistic techniques to identify and quantify technical, programmatic, and schedule risks affecting a program's schedule.

An SRA applies methods such as Monte Carlo simulation to a program's network schedule to model how identified risks could affect the finish date. The output typically shows a range of possible completion dates and their associated probabilities, rather than a single fixed date.

Why it matters

SRAs give program managers a realistic, risk-adjusted view of schedule confidence instead of relying on a single deterministic date. This helps prioritize which risks most threaten the schedule and where contingency or mitigation is needed.

Also known as
SRA
Used in
Integrated Master Schedule; Integrated Risk Assessment

FAQ

What technique is commonly used to run an SRA?
Monte Carlo simulation is the most common approach, running the schedule many times with varied risk inputs to produce a range of possible outcomes.
Does an SRA replace the regular project schedule?
No -- it's run against the existing network schedule to test it for risk, not to replace it.
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