Monte Carlo Analysis provides realistic estimates of project cost and completion dates by incorporating the possible effects of risk and uncertainty. It is particularly useful when managing expectations of stakeholders and establishing contingencies.
Value Performance have the expertise and tools to build and analyse computer models which reflect your project plan and cost estimate. If a project plan does not yet exist, we will work with you to produce a representative plan or if you already have a plan, will convert to a form suitable for analysis. VP will liaise with appropriate personnel who have been involved in estimation of duration and cost to establish uncertainty. This data, together with the risk register makes up input to the risk model.
VP will carry out analysis and explain all aspects of the results ensuring that our clients get full understanding and benefit from the exercise.