Katmar Project Risk Analysis v3.0 Free Download - The Project Risk Analysis program allows the project's capital risk to be evaluated, and calculates the financial contingencies necessary to cover those risks rationally and sustainably. Too often project contingencies are guessed as a lucrative amount, without much consideration for the real risks involved
The procedures followed in PRA encourage disciplined predictions, and calculate the required contingency using a proven statistical method known as Monte Carlo Simulation. Although PRA uses sophisticated statistical techniques, PRA has been written for more home project professionals with estimates and costs than with statistics.
All required statistical and distribution models have been specifically prepared for contingency analysis and no statistical knowledge is required. A tutorial on using statistical distribution and Monte Carlo Methods in capital cost estimates is included in the integrated help files for those who want to know what is going on under the hood. Estimated cost can be imported from spreadsheets with simple Copy and Paste, or can be manually entered and edited in the program itself.
Results calculated by PRA can be displayed in an easy-to-read graphical format, which quickly and effectively gives the appraiser a whole appreciation of the risks. These graphs are also ideal as documentation of support for presentation to senior management in justification of demand for contingency funds. The results are also available in a detailed table format. Extreme analysis speeds allow you to perform your risk analysis in real time.
The procedures followed in PRA encourage disciplined predictions, and calculate the required contingency using a proven statistical method known as Monte Carlo Simulation. Although PRA uses sophisticated statistical techniques, PRA has been written for more home project professionals with estimates and costs than with statistics.
Results calculated by PRA can be displayed in an easy-to-read graphical format, which quickly and effectively gives the appraiser a whole appreciation of the risks. These graphs are also ideal as documentation of support for presentation to senior management in justification of demand for contingency funds. The results are also available in a detailed table format. Extreme analysis speeds allow you to perform your risk analysis in real time.
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