Experienced with risk analysis and calculation of schedule and cost contingencies with various methods including Monte-Carlo type simulations.

Have participated in many risk-management sessions for capital projects. Mitigation measures required for high probability and severe consequence items.

As part of estimate and schedule preparation, have participated in contingency analysis sessions and run Monte-Carlo simulations on schedules and estimate for appropriate contingencies. The roll-the-dice simulations assume probabilities are statistically independent, so care should be used in formulating the models.