Project Schedule Risk and Cost Estimation in Construction

Microsoft Project must be installed. This model illustrates how RISKOptimizer can be used with @RISK Project. The project consists of building a house. The contractor is under pressure to finish the project quicker. To accomplish this, the tasks can be "crashed" at a given cost. Also, bonuses are received if certain project tasks are completed within a specified time. The objective is to find the optimal crashing decisions.
Note: The link between @RISK for Excel and Microsoft Project schedules that was offered in previous versions of @RISK is not included in @RISK 8.0. This means that Monte Carlo simulation of Microsoft Project schedules is not available in @RISK 8.0. However, cost risk analysis and schedules built in Excel can still be simulated as always.

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