Futron addresses and solves cost, schedule, and technical needs for you using innovative decision management solutions that include risk analysis and computer simulations. Through customer collaboration, Futron’s Integrated Cost, Schedule, and Technical Risk Assessments link cost and technical risks to a project schedule. During these assessments, the Futron team uses decision management tools to provide a visual display of how risks impact the program or project’s schedule or cost.
Using input you provide, our team links cost and technical risks to a project schedule, a task usually achieved with software packages such as @Risk or GoldPan™. After the risks are identified and assigned, the team performs Monte Carlo simulations. Futron uses these simulations to provide a visual display of what risks or tasks are impacting the schedule or cost.
Futron’s Integrated Cost, Schedule, and Technical Risk Assessments provide you with analysis of the following questions:
- What can go wrong?
- How likely is it?
- What is the cause?
- What would be the consequence?
Futron’s expertise assists you in choosing the best plan of action to reduce cost and risks, thereby promoting overall project and/or program success. Our Integrated Cost, Schedule, and Technical Risk Assessments help to ensure that:
- Organized, methodical, decision-making processes are utilized to identify and assess risks and effectively eliminate or mitigate them.
- The Risk Management process is proactive in nature and structured to provide early insight through appropriate collection and use of data, implementation of proven analytical techniques, and management review and verification.
- The integrated effects of various risk categories (personnel, facilities, mission success, budget, and schedule) are properly analyzed and evaluated during program decision making.