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CCG
Services
Cleopatra
Enterprise
Estimating and
Project Control Organization Development
Estimating and
Project Control Software Selection and Implementation
Custom
Estimating and Project Control Applications
Estimating
Database Development
Historical
Project Information Database Development
Estimating and
Project Control Procedures and Methods
Estimate Review
and Validation
Project Estimate
Preparation
Estimate
Risk Analysis Studies
Cost
Escalation Studies
Project
Control Services
Project
Development Process
Cost
Engineering Training
Cost Engineering
Staff Augmentation |
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ESTIMATE
RISK ANALYSIS
CCG is very experienced in the use of
risk analysis techniques to facilitate solutions to problems where
uncertainty is a major factor. The most important factor causing
estimating uncertainty is typically the level of process and project
definition when the estimate is prepared. A low level of project
definition causes a high degree of uncertainty in the cost estimate and
expected schedule durations.
The use of estimate risk analysis
provides a structured, analytical approach for evaluating the uncertainty
involved with all elements of the estimate, and can be used to establish a
recommended contingency amount for any given project.
Our experience at developing risk
analysis models that are used with advanced simulation
techniques provides a basis to determine the probability associated with
overrunning or underrunning an estimate. This allows the client to understand the
cost risks associated with a given contingency amount. It also helps to
identify the key elements that may affect the sensitivity of any
particular project estimate.
CCG, in our "Center
for Cost Engineering" alliance with Validation
Estimating LLC, has developed unique proprietary cost estimate risk
analysis and contingency estimating models that provide focus on project-specific risk drivers, in
addition to the systemic cost risk inherent in every project. These models
both improve the process of contingency determination; as well as
providing an enhanced methodology for managing contingency.
Risk Analysis can be an important tool
in today’s cost-sensitive project environment. CCG can help you maximize
its potential.
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