Basic techniques for analyzing and presentation of cost risk analysis
Lorance, R.
Basic techniques for analyzing and presentation of cost risk analysis - 2001 - Cost Engineering 43(6) June 2001, 25-31(7) .
Debates the use of the quantitative process known as simulation with Monte Carlo analysis (MCA) as a method of analysing the cost probabilities and risks associated with significant or strategic business decisions. Tables, graphs, references.
CAPITAL COSTS
COST ENGINEERING
ESTIMATES
MONTE CARLO METHOD
MONTE CARLO SIMULATION
RISK ANALYSIS
RISK ASSESSMENT
STRATEGIC PLANNING
Basic techniques for analyzing and presentation of cost risk analysis - 2001 - Cost Engineering 43(6) June 2001, 25-31(7) .
Debates the use of the quantitative process known as simulation with Monte Carlo analysis (MCA) as a method of analysing the cost probabilities and risks associated with significant or strategic business decisions. Tables, graphs, references.
CAPITAL COSTS
COST ENGINEERING
ESTIMATES
MONTE CARLO METHOD
MONTE CARLO SIMULATION
RISK ANALYSIS
RISK ASSESSMENT
STRATEGIC PLANNING