Crystal Ball and Cost Risk Analysis

Presented by

Lucie Trepanier

About this talk

A cost estimate is a projection of a future occurrence. At its most basic, cost is price times quantity, and in any estimate either price, quantity, or both, are uncertain to some degree. When a cost projection includes hundreds, thousands or more uncertain elements, it’s easy to understand why some sort of cost risk analysis has long been considered the best way to calculate how much to reserve in contingencies against overruns. In today’s presentation we will look at the risk assessment work that goes into a complete cost estimate, the related business challenges and the Oracle solution.

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Oracle Crystal Ball is the leading spreadsheet-based application suite for predictive modeling, forecasting, simulation, and optimization. It gives you unparalleled insight into the critical factors affecting risk. With Crystal Ball, you can make the right tactical decisions to reach your objectives and gain a competitive edge under even the most uncertain market conditions. To ensure our customers have access to the best and brightest information on key industry topics, we are delivering presentations from Industry and Product Experts, Existing Customers, and Thought Leaders. Complimenting the presentation calendar is an ongoing set of Product Demos and Self-Service Tutorials delivered by Oracle Product Experts. The Oracle Crystal Ball Channel is the home of Informed Business Decisions.