Pricing Uncertainty: Evolving Probabilistic Estimating to Account for Market Complexities
Time: 1:35 pm
day: Series 2 - Workshop F
Details:
Dynamic market environments, fluctuating materials prices and labor availability mean bringing certainty to critical early estimates can be a challenge resulting in significant project cost and schedule risk.
This workshop will provide you with effective parametric processes to help better asses risks, costs and mitigation opportunities from early concept:
- How to break down risks and assign appropriate weighting
- Understanding the use case for different probability models beyond Monte Carlo simulations
- Opportunities and risk of deploying AI to support early conceptual estimates