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SimEstimator™ Project Management & Risk Analysis Tool

Microsoft® Project file ready for import to SimEstimator™ SimEstimator™ is a fully integrated project management tool designed to develop statistically accurate project plans for improved operational and financial performance with reduced risk.

Built on Microsoft® Project and Excel, SimEstimator™ delivers a powerful yet user-friendly tool that leverages and extends the inherent strengths and widespread availability of these commonly used Microsoft® Office System solutions.

SimEstimator™ takes Project to the next level by providing the capability to enter worst-case, plan, and best-case estimates for task durations, resource requirements and costs.

SimEstimator™ planning worksheet for entering estimated values on task duration, resource requirements, cost, and probability factors Project Planners can assign a probability to factors affecting one or more tasks to account for uncertain events like test failures, rework, approval delays or adverse weather.

Utilizing SimEstimator's powerful simulation engine, project managers can run Monte-Carlo simulations against each version of the plan to determine which plan has the highest probability of success.

Upon completion of the simulations, SimEstimator™ seamlessly transforms raw project data into project intelligence in the form of Excel spreadsheets and graphs. SimEstimator™ provides insight into probable best case, likely and worst case outcomes based on available estimates.

Combined, this functionality extends the science of project management to dramatically improve the performance of your proposal and project management teams.

SimEstimator™ Highlights

With SimEstimator™, users can do the following:

Improve and integrate project planning

SimEstimator™ Monte-Carlo simulation run

  • Seamlessly import .mpp files with Microsoft® Project to SimEstimator™
  • Establish a range of estimates for task durations, resource and costs
  • Assign probabilities to tasks/task groups to account for unpredictable events
  • Run Monte-Carlo simulations on each version of the plan to validate assumptions
  • Seamlessly export simulation results to excel and automatically produce statistically accurate reports on project work, finish, and cost probabilities
  • Export SimEstimator™ Plan to Microsoft® Project as a master or run side-by-side with original plan
  • Build baseline data on project performance by capturing and comparing actuals to estimates
  • Create an archive of project files for use in future bid proposals and project planning

Communicate information clearly and collaborate more effectively

SimEstimator™ Project Work probability projection

  • Create comprehensive management reports to support bid proposals and project plans
  • Collaborate and share Project Plans and statistical data through Microsoft's Enterprise Project Management platform
  • Develop management dashboards with summary and drill-down capabilities into project plans

SimEstimator™ Usage Scenarios

SimEstimator™ Cost Probability Projection

  • Seeing how uncertainty about detail tasks, costs and events aggregates to affect the overall project
  • Factoring tribal-knowledge on past, current, and future operational and financial performance into the project plan
  • Accounting for unpredictable/variable events in the project plan
  • Visualizing the effects of differing probabilities on project work, finish, and cost performance
  • SimEstimator™ Project Finish Probability Projection
  • Analyzing statistically accurate data to validate project planning assumptions
  • Producing comprehensive management reports to support bid proposals and project plans
  • Establishing new planning assumptions based on simulation results
  • Tracking actuals to estimates and pro-actively making adjustments to the plan
  • Producing variance reports on task durations, resouce requirements, and costs for post-project reviews

Key Benefits of SimEstimator™
SimEstimator™ recommended values based on statistical analysis Increase Productivity & Efficiency

Empower project managers and financial analysts by providing a toolset that supports the systematic build, analysis, reporting and dissemination of project data.

Enhance Visibility & Mitigate Risks

Quickly and easily validate bid proposal and project planning assumptions to enable faster and better informed decision-making. Create a risk management tool by modeling the effects of differeing values and probabilities on task durations, resource requirements, and project costs before submitting bids or publishing project plans.

Standardize Processes & Best Practices Orlando Software Group, Inc. offers a full suite of Business Process Management Solutions

Standardize project planning processes using corporate standards and industry best-practices. Benchmark and communicate project results for continuous improvement.

Improve Project Performance

SimEstimator's robust, integrated simulation engine and spreadsheet-based analytical tools provide statistically accurate and timely information to validate bid proposal and project planning assumptions, while providing a framework for enhanced execution.

Increased Operating Margins

Improve operational performance and increase operating margins by meeting or exceeding project work, finish, and cost assumptions.

$499 USD
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