Case Studies, Examples & Thought Experiments

Probability in project management?
Complete our questionnaire and help with the research.

As part of ongoing efforts to tailor our offering to the needs of the marketplace we have developed a brief, 10-question questionnaire on the use and applicability of probability in project management. We are, of course, interested to hear the opinions of industry and would invite you to complete the questionnaire by following this link: Probability in project management?

Results, once analysed, will be presented on this page following completion of the survey period.

Choosing a phone plan (to avoid nasty surprises)

You are faced with a critical decision: which monthly phone plan do I subscribe to for my teenager? You have selected two plans, one from Telstra and the other, Optus, each offering different benefits. This example provides a simple illustration of Monte Carlo analysis at work; defining assumptions, defining forecasts, and using sensitivity analysis.

Project development thought experiment

Consider this possible situation - a prospective client has approached your firm about arranging the necessary funding for their renewable energy project. Working through their financing model, your standard practice would include generating ‘what-if’ scenarios around a number of key indicators. But perhaps this has caught you out in the past, and as a result you need to look ‘deeper’, as it were, investigating what happens when certain inputs to the deal you are trying to structure become volatile. Just how might you go about your analysis? This might be able to help.

How much contingency should we allow in our bid?

Coming soon.

The value of information in uncertainty management

The value of any piece of information is the difference between the expected value of the project (or asset, or portfolio) with the information, and the expected value without it. The document (PDF) located at this link provides thought prompts in the form of a list of nine (9) issues with a significant bearing on the value of information managers use in decision making. There are many more.

If you would like a brief view of our service offering you can download it here. Alternatively, please feel free to contact us. We'd love to have a chat.