PROJECT RISK ANALYSIS - Contingency Analysis

Windows 95/98/NT/2000/ME/XP

Project Risk Analysis program (PRA) enables the capital risks on projects to be evaluated, and calculates the financial contingency required to cover those risks in a rational and defendable manner. 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 6.0 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.

If you have any further queries concerning this software, please drop us a note and we will get back to you as soon as possible.

Purchase Online

We have a number of purchase options available in our store. Our goal is to ensure that you feel comfortable in buying our software. We therefore employ the highest level of security for online transactions and accept all major credit cards as well as various options to purchase such as electronic fund transfer (EFT) or bank draft. Should you prefer not to provide your details online, we understand and ask that you send us an email requesting a pro-forma invoice for the software in question. Please include relevant company details should you decide on this option.

We have been selling software via the internet for many years, and have a list of satisfied customers from across the globe. Should you require references from some of these companies and individuals please let us know.

Should you like to download a demo of this software, it is available by clicking the link below.