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Katmar Software's Project Risk Analysis (PRA) will let you evaluate the capital risks of projects and calculate the financial contingency required to cover those risks in a rational and defensible manner. In many situations, project contingency is "guesstimated," without giving much consideration to the real risks involved. The procedure followed in PRA encourages disciplined estimating, and calculates the required contingency using the proven statistical method known as Monte Carlo Simulation. The results calculated by PRA can be displayed in easy-to-read graphical formats that quickly and effectively give the estimator an overall appreciation of the risks. These graphs can also be used as support documentation in presentations to senior management in the justification of requests for contingency funds. Results can also be generated in a detailed, tabular format. In addition, spreadsheets can be imported as ASCII text. In this version, the speed is improved 300 percent, running totals are shown while adding data, and automatic seeding of the random number generator facilitates repeatable simulations. Note: This a 30-day trial version. The full version price is $80.
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