Project Risk Analysis is a detailed statistical tool for developing engineering cost and risk estimates on large projects. It can help you to tighten your projections and increase the odds of hitting your expense targets. You list project components, with estimates of cost range as well as probable cost. Enter data manually, or import from popular spreadsheets. The program then uses Monte Carlo simulations in high volume to determine the highest probability of actual costs. Output is in histogram, S-curve, or tabular form, along with details that show the most sensitive components of the project. By increasing control over the sensitive items, you can tighten your projections and increase the confidence level for an on-budget projection. The software comes with online help, a detailed manual, and four sample datasets
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