Stop guessing your project contingency
Your capital estimate is done, and then someone asks how much contingency to add. Too often the answer is a gut-feel percentage that nobody can defend. Project Risk Analysis from Katmar Software replaces that guess with a Monte Carlo simulation of your own estimate, so the contingency you request has a statistical basis.
Quick facts
- Version: 3.1
- Platforms: Windows 7, Windows 8, Windows 8.1, Windows 10
- Trial: the evaluation version runs 15 times and has the full calculation functionality, but some printed and exported reports lack data
- Price: depends on the license option you choose
- Guarantee: 30-day money back; upgrades are free for 12 months after purchase
Key features
Contingency worked out with Monte Carlo simulation
The program simulates the entire project thousands of times and graphs the total cost on a histogram. You see the range of costs to expect. You can also view the data as an S-curve and pick the contingency level that matches the confidence you want.
Statistical models that are already set up
The distributions needed for contingency analysis come preconfigured, so you don't need a statistics background. A tutorial on distributions and the Monte Carlo method is in the built-in help file if you want to see how it works.
Import your estimate by copy and paste
Bring your estimate in from a spreadsheet with a simple copy and paste. You can also type it in and edit it inside the program. Data can be locked to prevent accidental changes.
Up to 100,000 iterations in seconds
A full analysis typically takes less than 5 seconds, even at 100,000 iterations. That lets you change an assumption and rerun the analysis straight away.
Graphs, tables and flexible export
Results appear as graphs and detailed tables. Graphs are suitable as support when you ask senior management for contingency funds. You can export reports for spreadsheets, text documents and graphical editors. Raw data can be exported too, either as files or through the clipboard.
Who it's for
It suits cost engineers, estimators and project managers who build cost estimates for capital investment projects and need to state their accuracy and risk. It is written for people more at home with estimating than statistics.
Pros and cons
Pros
- Fast analysis, with no statistics knowledge required
- Reads data files created by earlier versions
- Free trial and a money-back guarantee
Cons
- The trial is limited to 15 runs, and some printed and exported reports are incomplete
- Windows only
- Pricing depends on the license option, so check the cost before you commit
FAQs
Can I try it before buying?
Yes. The evaluation version has the full calculation functionality but runs only 15 times.
Can I use my existing spreadsheet estimate?
Yes. You can import it by copy and paste.
Will my files from older versions work?
Yes. Version 3.1 reads the data files created by previous versions.
How do I get the full version?
After you buy, you are emailed a license key file that converts the evaluation copy to the full version. It works with all upgrades released within 12 months of purchase.
System requirements
Windows 7, Windows 8, Windows 8.1 or Windows 10.