A schedule risk analysis (SRA) uses a risk-based project schedule (derived from the master schedule) to apply statistical techniques to envisage a level of confidence in meeting a project’s completion date. This analysis focuses on uncertainty they affect the schedule overall and activities durations and completion date. SRA starts with reviewing the project schedule and performing schedule quality checks as specified by DCMA 14-points. A sequence of activities and activities relationship plays an important role to avoid “Garbage in and Garbage out”.
Quantitative Cost Risk Analysis (QCRA) is performed on project financials and cost estimates using Monte Carlo Simulation (MCS)
Integrated Cost and Schedule Risk Analysis (IRA) is performed on schedule level – I, Level – II and Level -III loaded with time phased cost estimates.
Offer services to identify risks and perform Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) for mega complex projects in industries like