Project Risk Analysis 2.1

Project Risk Analysis 2.1 Screenshot Project Risk Analysis program allows the capital risks on projects to be evaluated, and calculates the financial contingency.

Developer:   Katmar Software
      software by Katmar Software →
Price:  80.00  buy →
License:   Shareware
File size:   0K
Language:   
OS:   Windows Vista (?)
Rating:   0 /5 (0 votes)

Project Risk Analysis program allows the capital risks on projects to be evaluated, and calculates the financial contingency.

Too often the project contingency is guesstimated as a "gut feel" amount, without much consideration for the real risks involved. The procedure followed in PRA encourages disciplined estimating, and calculates the required contingency using the proven statistical method known as Monte Carlo Simulation.

Although PRA uses sophisticated statistical techniques, it has been written for project professionals who are more at home with estimating and costing than with statistics.

All the statistical models and distributions required have been specifically set up for contingency analysis and no knowledge of statistics is required. A tutorial on using statistical distributions in capital cost estimating is included in the manual. The full manual is included with the downloadable version in MS Word v97 format.

The results calculated by PRA can be displayed in easy-to-read graphical formats that quickly and effectively give the estimator an overall appreciation of the risks. These graphs are also ideal as support documentation for presentations to senior management in the justification of requests for contingency funds. The results are also available in detailed tabular format.

Limitations
  • Limited to 30 uses.

    tags the results  are also  for contingency  estimating and  calculates the  and calculates  

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