Range Estimating -- User-Friendly Risk Analysis

by Kevin M. Curran, Decision Sciences Corp, St. Louis, United States,



Document Type: Proceeding Paper

Part of: Computing in Civil Engineering

Abstract:

This paper introduces the reader to Range Estimating - a user-friendly decision technology for project cost risk analysis. Although developed with the non-statistician in mind, Range Estimating is regularly applied by professionals when an easy-to-understand, yet powerful risk analysis technology is critical to gaining management support.



Subject Headings: Risk management | Construction costs | Rangeland | Decision making | Monte Carlo method | Uncertainty principles | Monte Carlo | Monaco | Europe

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