On-demand

Accurate cost and schedule forecasting is critical for project success — but traditional deterministic methods often fail to account for much of the uncertainty.

Join Manuel Carmona, Risk and Decision Analysis Specialist at EdyTraining Ltd, for a hands-on, expert-led webinar where you’ll learn how to harness the power of Monte Carlo simulation and leverage AI as a collaborative partner to build smarter, more reliable cost estimation models.

In this webinar, you'll learn how to:

• Leverage AI as a thought partner for cost estimation modeling:
  Learn how to use AI as a sounding board to frame better modeling questions, validate assumptions, solve cost estimation problems, and support decision-making throughout the simulation process.

• Master Monte Carlo simulation and probabilistic cost estimation:
  Understand how probabilistic modeling captures the full range of possible project outcomes, enabling you to move beyond single-point cost estimates toward more informed and resilient planning.

• Develop effective AI prompts with RTF and CREATE techniques:
  Explore two practical prompt-writing methods that will help you structure clear, purposeful AI interactions to guide model building, parameter selection, scenario analysis, and uncertainty evaluation.

• Enhance simulation setup and analysis with AI guidance:
  Discover how AI models can assist in selecting probability distributions, troubleshooting model functions (e.g., Excel formulas), providing second-opinion assessments of uncertainty, and conducting comparative analysis of different simulation assumptions.