ValidRisk: a cloud-based risk analysis and quantification toolset
"The most practical, integrated, empirically valid project risk quantification software available"
- How reliable are your project and program contingency and reserves estimates (do you even know)?
- Are your risk quantification methods simple enough for every project of any size or any phase of scope development?
- Does your approach have special features such as consolidating programs, providing quick small project analysis, or addressing multiple scope options/scenarios?
- Frustrated by kludgy spreadsheets, highly complex software and/or ambiguities of monte-carlo?
- Would you like to give your decision makers confidence that your results are backed by industry empirical research?
If you answered "yes" to any of the above, check out the ValidRisk methods and software solution.
Validation Estimating LLC, in alliance with Koff & Guerrero Consulting (KGC), has implemented the methods described in John Hollmann's book "Project Risk Quantification" in a cloud-based software solution. Mr. Hollmann has been implementing these methods for clients in spreadsheet form since 2006. He has continually evolved the tools, and the range of asset/industries they address. In short, the risk quantification method is a hybrid of parametric modeling of "systemic" risks and expected value with monte-carlo simulation of critical risk events (not additional MCS software is required). These methods are now covered in AACE Recommended Practice 113R-20. The methods are described in detail in the validrisk.com website. Validation Estimating and KGC will work together in implementing, consulting, training and other activities related to ValidRisk in a way that will best meet client needs. KGC handles the "business-end" of the software and is the entry-point for getting licensed and set-up, but you may contact me to discuss the methods, software use and how to apply it in your workplace on your projects.
Validation Estimating LLC, in alliance with Koff & Guerrero Consulting (KGC), has implemented the methods described in John Hollmann's book "Project Risk Quantification" in a cloud-based software solution. Mr. Hollmann has been implementing these methods for clients in spreadsheet form since 2006. He has continually evolved the tools, and the range of asset/industries they address. In short, the risk quantification method is a hybrid of parametric modeling of "systemic" risks and expected value with monte-carlo simulation of critical risk events (not additional MCS software is required). These methods are now covered in AACE Recommended Practice 113R-20. The methods are described in detail in the validrisk.com website. Validation Estimating and KGC will work together in implementing, consulting, training and other activities related to ValidRisk in a way that will best meet client needs. KGC handles the "business-end" of the software and is the entry-point for getting licensed and set-up, but you may contact me to discuss the methods, software use and how to apply it in your workplace on your projects.