Typical project development stages are;
Project Concept - Pre Feasibility - Feasibility - Engineering Design.
After each stage decision is made on whether to proceed further and further we go more it costs. The accuracy of capital costs estimate and other information trade of against the costs of obtaining them. Considering that escalations and markups or provisions like; contingencies, owners’ and financing costs are built on capital costs estimate - its accuracy is significant. However - even estimates based on engineering design or vendors/contractors quotations can not be seen as deterministic.

In fact all data inputs to typical project financial model are of uncertain nature at the time the data is collected and are even more questionable in distant future.
These call for probabilistic approach to project financial modeling in order to account for all scenarios.
JR Consulting does just that. We estimate risk associated with all inputs, we build probabilistic models and run Monte Carlo simulation in order to account for all possible project outcomes.

To enable capital budgeting decisions with confidence