Question 1:

Budgeting and Cost Estimation using Simulation

• Engage with Subject Matter Experts and Estimators to define ranges around key costs and quantities.
• Build and validate cost estimate simulation models
• Sensitivity analysis to identify key project costs, quantities and other risk variables that drive uncertainty or variability in your estimate.
• Incorporate risk registries into the cost estimate to derive Pre and Post-Mitigation Scenarios and establish what is the optimal budget to mitigate risk.
• Run multiple simulations and scenarios to get a 360 degree view of potential project cost scenarios.
• Prepare comprehensive reports for management that explains in clear terms the risks and the probability of achieving the project’s budget objectives.

Question 2:

Scheduling and Resource Allocation using Schedule Simulation

• Quantify the effects of critical tasks in your current project
• Identify resource constraints
• Build, Validate and Simulate project schedule
• Identify key people, resources, vendors or other variables that drive uncertainty or variability in your delivery date
• Optimize the project’s resource allocations to meet budget or scheduling constraints
• Optimize scheduling based on the availability critical resources and key business objectives
• Run multiple simulations and scenarios to get a 360 degree view of potential project delivery/executing scenarios.

Question 3:

Detailed financial analysis using Monte-Carlo Simulation, including:

• Return on Investment
• Time series forecasting of project costs and benefits
• Net Present Value & Internal Rate of Return
• Total Cost of Ownership
• Contribution to quantifiable business objectives.

Question 4:

Determine an optimum and robust delivery strategy

• Prepare reports and presentations to communicate key facts to project stakeholders
• Develop risk mitigation strategies with project partners and suppliers
• Recommendations on project policies, procedures and management parameters
• Organizational Change + Risk Management strategy recommendations