cwicr-risk-calculator
CWICR Risk Calculator
Business Case
Problem Statement
Cost estimates have inherent uncertainty:
- What contingency to apply?
- What is the confidence range?
- Which items have highest risk?
- How to quantify uncertainty?
Solution
Risk-adjusted cost calculations using contingency analysis, Monte Carlo simulation, and probability distributions based on CWICR cost data.
Business Value
- Informed decisions - Understand estimate uncertainty
- Appropriate contingency - Data-driven risk allowance
- Confidence intervals - P50, P80, P90 estimates
- Risk prioritization - Focus on high-impact items
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