@RISK for Cost and Schedule Risk Using Risk Registers (with Example Model)

@RISK can be used in conjunction with MS Project and Excel to model the schedule and cost risks inherent in large, complex projects. This example demonstrates the use of @RISK to build a complete model of the construction of a new commercial venue. The model includes uncertainty in task times, a Risk Register for calculating […]

@RISK Models Public Transit Expansion in Edmonton, Alberta

The Canadian city of Edmonton, Alberta, is expanding their public transportation, known as the Light Rail Transit (LRT) system, from just one line to a network that connects all sectors of the city. Of course, projects like these are expensive—anywhere from $200-$800 million—and come with considerable uncertainty. To deal with this, the City brought on […]