TPE & Risk using @RISK
Benchmark Estimating Software’s Three Point Estimating / Risk
Benchmark Estimating Software’s Three Point Estimating (TPE)/Risk add-on is designed for authorities responsible for delivering large or complex capital works projects and/or programmes.
Using cutting-edge three point estimating techniques and Monte Carlo simulation, our TPE/Risk feature provides you with a clearer and more accurate picture of the potential price variation for capital projects and/or programmes. This is achieved by providing your organisation with granular control and realistic assessment of the variation in quantities and rates down to the individual Resource level.
Analysis is carried out using the @RISK engine developed by Palisade Corporation. This simplifies the process of Risk calculations because Benchmark Estimating Software makes the call to @RISK, ensuring consistent results every time the analysis is run. Users do not need to be able to use and understand the @RISK software themselves – Benchmark Estimating Software does all the hard work for you.
All data with their variations are stored in secure, central Libraries within Benchmark Estimating Software for maximum control, consistency and accuracy. Three Point Estimating and Risk provides you with the minimum, most likely and maximum price for a project(s). Organisations can then make more informed decisions for better budgeting and programme development practices, better risk management, rapid sensitivity analysis and smoother project delivery.
Three Point Estimating and Risk is available as an add-on to the Professional or Corporate version of Benchmark Estimating Software. For more information on this amazing feature fill in the contact us form and a member of our Sales team will contact you to discuss this in more detail.