CCG is very experienced in the use of risk analysis techniques to facilitate solutions to problems where uncertainty is a major factor. The most important factor causing estimating uncertainty is typically the level of process and project definition when the estimate is prepared. A low level of project definition causes a high degree of uncertainty in the cost estimate and expected schedule durations.
The use of estimate risk analysis provides a structured, analytical approach for evaluating the uncertainty involved with all elements of the estimate, and can be used to establish a recommended contingency amount for any given project.
Our experience at developing risk analysis models that are used with advanced simulation techniques provides a basis to determine the probability associated with overrunning or underrunning an estimate. This allows the client to understand the cost risks associated with a given contingency amount. It also helps to identify the key elements that may affect the sensitivity of any particular project estimate.
CCG has developed unique proprietary cost estimate risk analysis and contingency estimating models that provide focus on project-specific risk drivers, in addition to the systemic cost risk inherent in every project. These models both improve the process of contingency determination; as well as providing an enhanced methodology for managing contingency.
Risk Analysis is an important tool in today's cost-sensitive project environment. CCG can help you maximize its potential!
CCG provides cost escalation studies using its proprietary escalation model that combines cost engineering knowledge and experience with global econometric indices. CCG's methodology addresses the commodity and EPC pricing volatility seen in today's project environment. Our model uses algorithms that take into account common escalation drivers (such as productivity, technology, market conditions, and currency exchange rates) to provide realistic determination of required escalation costs.
CCG can also help customize and implement escalation models for your unique project environments. The customized model will align with your company's project types, locations, and cost code structures.
Unlike contingency, escalation is determined by events outside the control of the project team. CCG's methodology provides a structured, analytical approach to evaluate and establish a recommended escalation amount for your projects.
The use of estimate risk analysis provides a structured, analytical approach for evaluating the uncertainty involved with all elements of the estimate, and can be used to establish a recommended contingency amount for any given project.
Our experience at developing risk analysis models that are used with advanced simulation techniques provides a basis to determine the probability associated with overrunning or underrunning an estimate. This allows the client to understand the cost risks associated with a given contingency amount. It also helps to identify the key elements that may affect the sensitivity of any particular project estimate.
CCG has developed unique proprietary cost estimate risk analysis and contingency estimating models that provide focus on project-specific risk drivers, in addition to the systemic cost risk inherent in every project. These models both improve the process of contingency determination; as well as providing an enhanced methodology for managing contingency.
Risk Analysis is an important tool in today's cost-sensitive project environment. CCG can help you maximize its potential!
CCG provides cost escalation studies using its proprietary escalation model that combines cost engineering knowledge and experience with global econometric indices. CCG's methodology addresses the commodity and EPC pricing volatility seen in today's project environment. Our model uses algorithms that take into account common escalation drivers (such as productivity, technology, market conditions, and currency exchange rates) to provide realistic determination of required escalation costs.
CCG can also help customize and implement escalation models for your unique project environments. The customized model will align with your company's project types, locations, and cost code structures.
Unlike contingency, escalation is determined by events outside the control of the project team. CCG's methodology provides a structured, analytical approach to evaluate and establish a recommended escalation amount for your projects.
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