A Broadleaf article.
This case study examines a quantitative risk analysis of the capital costs of a high-voltage power enhancement project.
It illustrates the value of integrating quantitative analysis into project workflows, and how the outcomes from the analysis can assist in allocating contingencies to cost items for project cost control.
It also demonstrates that the assumptions about the shapes of the distributions used in quantitative analyses may not always be important in terms of their impacts on the outcomes from the analysis.
Read the full case here.