Leverage Oracle Crystal Ball Monte Carlo analysis to create probabilistic estimates that more accurately model prices and quantities.Each number that goes into an estimate is not known with 100% certainty. By leveraging Oracle Crystal Ball with HD Estimating
, an estimator can leverage historical benchmark data or input best/worst/likely price/quantity ranges on line items to more confidently create detailed estimates built to a specified confidence range.
In the past, many estimators added a flat contingency factor, e.g., 10%, to their numbers to deal with price and quantity uncertainty. By combining HD Estimating and Oracle Crystal Ball, estimators have more confidence than ever in their project bids.