PragmaRisk (http://www.pragmarisk.fr/), a French risk management consultancy, uses Palisade’s risk and decision analysis software, the DecisionTools Suite to help identify the contingency funds potentially required to mitigate identified risk for construction projects.Contingency recommendation and monitoring accounts for the many uncertainties when planning budgets in order to determine the amount of contingency fund that should be added to the original budget, or to check whether what has been allowed to date is enough. PragmaRisk performs integrated...
Source: RealWire