RISK ANALYSIS made UNDERSTANDABLE

Risk Analysis is being increasingly used to foresee and forecast project scenarios.

PLANTRAC-MARSHAL has been developed with the Project Manager in mind rather than the Statistician. The use of PLANTRAC-MARSHAL enables a number of important questions to be answered, such as:

What is the probability of the project finishing on a particular date?.

What is the probability of the project finishing at a particular cost?.

Which Risks are simulated to occur?.

What are the Activities most likely to be affected by Risk Factors?

PLANTRAC-MARSHAL offers a powerful solution for the above questions and more, by providing the following features:

Input of a list of Risks.

Association of Risks with project Activities.

Association of relative weights (Beta, Normal, Triangular and Uniform) of distribution to Activity Risks.

Association of a Probability and Severity factor to Activity Risks.

Input of Resource Costs and Risk Factors.

Calculation of Schedule Risks using Monte Carlo simulation techniques.

Calculation of Cost Risks using Monte Carlo simulation techniques.

Numerous graphical representations ( Graphs, Histograms, Pie Charts etc.) of Risk data and results are provided for visual impact and information.