Petro Consultants

Cost and Schedule Risk Analysis (CSRA) assesses the potential impacts of uncertainty and individual risks on overall Project costs and time to completion.  

CSRA uses quantitative and qualitative project risk methods of integrated Project cost and deterministic Schedule models to evaluate the likely impact of uncertainty and probabilistic outcomes of individual risks on overall project costs and time to Schedule completion.    CSRA analyses determine the probability of finishing the project on time and within budget.   CSRA can also be applied to develop an estimate of the contingency needed of time and cost to provide a level of confidence in achieving the as-planned costs and Project milestones and Project completion dates.