Sensitivity Analysis is a method to examine how variations in project parameters can impact the overall outcome. It aids project managers and owners to understand how feasible changes in project variables - either costs, schedules or resources - can affect the project, allowing for informed decision-making.
Take a construction infrastructure project, for instance. As project manager, you're considering labor cost savings by using automated equipment. Using Sensitivity Analysis, you can explore how this change might affect your project timeline, completion rate, and overall budget. Fine-tuning these variables provides a clearer view of the potential benefits or drawbacks, guiding you to make the best strategic decisions.
Our software integrates Sensitivity Analysis, granting you the power to: