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Quantitative Risk Analysis

This is a mathematical analysis of (typically) the project timescales and/or cost, taking into account estimating uncertainties as well as all identified risks and opportunities. The analysis helps the forward-looking project manager and business planner gain an understanding of the range of possible outcomes and likely conclusions. It also provides an in-depth insight into the sources of project variability.

However, quantitative risk analysis comes with a health warning. A risk model that is incorrectly generated (say, by solely importing a project schedule) is liable to produce results that are at best worthless and at worst dangerous, for example by indicating a degree of confidence in the project outcome that is ill-deserved.

Our consultants are experts at recognising sources of uncertainty and constraint, and at reflecting this in risk models. Where appropriate, Visual Basic coding is used to allow the models to more accurately represent the possible project situations. We answer the questions others try to answer.