Full Monte Cost and Schedule Risk Analysis
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Transcript of Full Monte Cost and Schedule Risk Analysis
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Full Monte Cost and Schedule Risk Analysis
for Microsoft Project
from Barbecana
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• Full featured Monte Carlo Risk Analysis
• For Microsoft Project 2007 and 2010
• Schedule Risk Analysis
• Cost Risk Analysis
• Sensitivity Analysis
• Schedule Quality Checks
• Compatible with Risk+ data
• High Performance
Full Monte Cost and Schedule Risk Analysis
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Schedule Risk Analysis
• 3 Point Duration Estimates
• Probability Distributions
• Probabilistic and Conditional Branching
• Correlation between Activities
• Criticality IndexTime
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Sensitivity Analysis
• Allows you to identify the tasks creating the most uncertainty in project or milestone outcome
• Sensitivity Index
• Tornado Chart
Tornado Sensitivity Chart
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Cost Analysis
• Calculates Task and Project cost
• Takes into account Per Use Cost, Actual Costs, and Rates
• Uses Escalated Costs for late running tasks C
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Cost
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Probabilistic and Conditional Branching
• Probabilistic Branchingo Define the probability of various paths through the project logic
being executed
For example: There is a 10% chance of re-work after QC inspection
• Conditional Branchingo Make a decision which path to execute based on the expected
completion date of specific tasks
For example: If material is delivered after June 28 then we will outsource installation.
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Correlation
• Full Monte allows the definition of Groups that can be used to model the impact of external influences across multiple activities
For example: A group called Weather can be defined and the influence of Weather on multiple transportation activities can be defined as a percentage
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Correlation – Scatter Plot
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Schedule Quality Check
• DCMA 14pt Assessmento Analyze your project for compliance with all 14 of the DCMA
schedule metric guidelines
• Industry Best Practiceo More than 10 additional metrics compared to the DCMA
schedule assessment
• User Configurable Selection and Criteriao Modify exclusions and thresholds
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Schedule Quality Check
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Integrated into Microsoft Project 2010
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Integrated into Microsoft Project 2007
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Sophisticated Data Editing
Integrated Navigation
Enter Optimistic and Pessimistic values as Durations or Percentages
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Global Edits
Control what gets updated
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Comprehensive Analysis Options
Choose either Project Completion or Specific Milestones for Sensitivity
Analysis
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Easily find available Graphical Reports
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Histogram Reports
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Intuitive navigation to relevant information
Detail Task Results
With immediate access to appropriate graphs
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Gantt Charts
Combined Deterministic, Expected and Sensitivity
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Compatible with Deltek Risk+ Data
• Full Monte can convert and utilize existing Deltek Risk+ information including duration estimates and distribution types.
• Full Monte features customizable mapping to Microsoft Project fields to enable co-existence with existing add-on/customer use of user fields.
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Fast…
1000 Simulations on 3600 tasks in around 30 seconds