Contingency Calculation in Cost Risk Analysis

Contingency Calculation in Cost Risk Analysis

When performing a cost risk analysis study, one of the key results is the amount of extra monetary resources that is to be added to the project cost baseline to guarantee that the budget is not exceeded at a certain confidence level. Good project risk management...
Cursos

Cursos

Cursos Cursos de formación en profundidad impartidos en línea Curso 1 – Modelamiento con @RISK Este curso práctico está diseñado para cualquier persona que modele cuantitativamente aspectos de su negocio o realice análisis de riesgos o decisiones como parte de su...
Cursos

Simulación Monte Carlo

Simulación Monte Carlo El análisis de riesgos es parte de cada decisión que tomamos. Recursos Método Monte Carlo Nos enfrentamos constantemente a la incertidumbre, la ambigüedad y la variabilidad. Y aunque tenemos un acceso a la información sin precedentes, no podemos...
Cursos

Cost Estimating: Triangular vs PERT

Continuing with this series of articles introducing cost estimation with @RISK, we will compare the use of the most popular distributions of this technique: the Triangular and the PERT. We know that cost estimation is one of the most critical parts of project...
Cursos

Basic Cost Engineering with @RISK

This article offers a simple and concise explanation of the Monte Carlo simulation: a technique that combines statistical concepts (random sampling) with the ability of computers to generate pseudo-random numbers and automate calculations. The key to Monte Carlo...