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Construction management

Opportunity and risk management

We show how certain dates and budgets are and which contingency is appropriate.

The problem

A schedule gives one completion date, an estimate one price. Neither says how certain it is. Contingencies are guessed rather than justified.

What we do

We make schedule, cost and quality risks measurable. Instead of a single plan value you get probabilities, justified contingencies and the items that really matter.
  • Risk identification and assessment with your project team
  • Probabilistic scheduling (Monte Carlo simulation)
  • Effort and cost simulation based on the estimate
  • Derivation of confidence levels and contingencies

What you get

  • Know how certain dates and budgets are
  • Justify contingencies transparently
  • Decisions based on facts rather than gut feeling
More in ResourcesOpportunity and risk management in depthFrom risk identification to Monte Carlo simulation: with an interactive simulation of the example project to try out.