Managing the cost and schedule of projects is a critical component of delivering shareholder value. Cost and schedule risk analysis – and the subsequent management of those risks – is a necessary and valuable step in the overall risk management of your project. So much so, that it has become a requirement for funding appropriation requests and an integral part of many companies’ work process.

Advanced Project Solutions (in partnership with MacwayUhl LLC) provides a comprehensive review that reveals the major risk factors to delivering your project on time and on budget. We employ a proven approach to identifying, quantifying, and managing the major capital project risks using methods that have been developed and tested across a broad range of capital projects. The results form the basis for creation of a comprehensive project risk management plan.

• Integrated – cost and schedule in the same model
• Transparent – easy to use spreadsheet model left with team
• Timely – real-time analysis and results during workshop
• Accurate – bias minimized with third party insights and use of historical data
• Robust – sensitivity analysis run to determine impact of special cases

• Real-time analysis with rapid turnaround
• Multiple iterations of assessment, analysis, and review to ensure the end result
• Ownership of inputs and results by the entire project team
• Focus on the most critical factors
• Use of benchmarks and historical data where relevant and available
• Results serve as basis for risk management planning

• Full probabilistic results for project completion, as well as key intermediate milestones
• Inclusion of weather window and other constraints in analysis
• Prioritization of activities and analysis of probabilistic critical path
• Full cost probabilistic results, including low probability events and other key drivers
• Quantification of appropriate levels of contingency, categorized by cost areas