Engineering and Risk Analysis Software
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The current version of the PRA program is 2.1 and it operates under Windows XP / Vista / Win 7 / Win 8.
Katmar Software's Project Risk Analysis program (PRA) enables the capital risks on projects to be evaluated, and calculates the financial contingency required to cover those risks in a rational and defendable manner. Too often the project contingency is guesstimated as a "gut feel" amount, without much consideration for the real risks involved. The procedure followed in PRA encourages disciplined estimating, and calculates the required contingency using the proven statistical method known as Monte Carlo Simulation.
Although PRA uses sophisticated statistical techniques, it has been written for project professionals who are more at home with estimating and costing than with statistics. All the statistical models and distributions required have been specifically set up for contingency analysis and no knowledge of statistics is required. A tutorial on using statistical distributions in capital cost estimating is included in the manual. The full manual is included with the downloadable version in MS Word format.
The results calculated by PRA can be displayed in easy-to-read graphical formats that quickly and effectively give the estimator an overall appreciation of the risks. These graphs are also ideal as support documentation for presentations to senior management in the justification of requests for contingency funds. The results are also available in detailed tabular format.
The following screen shots illustrate Project Risk Analysis in action :
The cost estimates and distributions are specified for each category in the estimate.
The entire project is simulated thousands of times and the total project costs are graphed on a histogram. This clearly shows the range of costs that can be expected for the project. This data can also be shown as an "S-curve".
The simulation results can also be displayed in a variety of tabular reports to allow the applicable contingency level to be selected.
The Project Risk Analysis program is distributed in an evaluation form. This version is fully functional and is designed for you to be able to thoroughly evaluate the program. The evaluation copy will operate for 30 runs. At the end of that time (or preferably during that time!) you can purchase the registered version which eliminates the reminders and the run limit.
You will receive your registered version within a few hours (max 24) of your order and payment being cleared. Full details on the license conditions and ordering procedures are given below.
The evaluation version is available as a zipped file of 761 kb, or as an executable (ie .EXE) install program of 788 kb. If you download the ZIP file you should copy it to a temporary directory and unZIP it and then run the ProjRisk_Setup program. If you download the executable file then just double-click it and it will install Project Risk Analysis automatically.
You can purchase your registered copy of the full version using a credit card, debit card, PayPal, wire transfer or check. If you use a credit card you can choose to enter the card details online or to send them by phone or fax. All ordering procedures start by clicking one of the links below. The purchase price is US$80-00 for a single user license and US$250-00 for a multi-user site license. And of course this is covered by our 30-day money-back guarantee.
Once we receive confirmation of your order we will send you your registration key by email within 24 hours (usually much sooner). If you do not receive the email with the registration key please contact us.
If you have problems accessing our main order page, please use the alternate links below.