By using Monte Carlo based risk assessment tool, project scope, economic evaluation uncertainties and risks can be identified and quantified. This is a valuable and objective tool to determine main project risks and stay in control. There is maximum client involvement to identify possible threats or opportunities. Our expertise is to make sure all major influences on the economics are considered and both qualified and quantified.
The result is a distribution that shows the most likely economic outcome. Depending on the risk profile, the clients themselves can choose between a risky or less risky approach for a project. Furthermore a sensitivity analysis can be done resulting in a tornado chart offering a top # of (quantified) prominent risks and opportunities. This analysis is a perfect guide for a client to further develop a project or scenario and focus on the areas that provide maximum improvement with the least effort.
Benefits of risk analysis are: