Sub: Risk Management Software

Assignment

Submitted by:
NAME: Shubham Shinde
ROLL.NO: PP20072
SUBMITTED TO:
PEM SECTION 1
DR. ANAND PRAKASH
EXECUTIVE SUMMARY

 ‘Shubham Infra Pvt. Ltd.’ is about to begin a new project of a 40 km Pipeline.

 The company has prepared a Budget for the same.
 The company wants to know the risk associated with the current project budget.
 PROBLEM STATEMENT

Cost elements Base Case

Planning ₹ 2,20,000.00 • FIND THE FOLLOWING
Surveying ₹ 15,90,000.00 • Prepare Sampled budget by using PERT.
Site clearance ₹ 7,80,000.00 • Probability of meeting the Targeted Budgeted cost.
Earth work in embarkment ₹ 51,28,50,000.00 • Total budget required for 95.0% confidence.
Plantation of grass on the slope of road ₹ 7,46,55,000.00 • Contingency required.
GSB ₹ 4,01,64,000.00
WMM ₹ 5,11,05,000.00
DBM ₹ 6,52,20,000.01
Road Painting ₹ 2,08,31,000.00
Kerb ₹ 7,58,50,000.00

Total Budgeted Project Cost ₹ 84,32,65,000.01

 ASSUMPTIONS

 ASSUMPTIONS: Problem
 For using Pert these are the estimated variation:
 Minimum: 95%
 Most likely: 100%
 Maximum: 130%
SPREADSHEET MODEL
SIMULATION RESULT
SIMULATION RESULT
RECOMMENDATIONS

 The sampled budget is ₹ 87,84,01,041.68 so the contingencies of an additional ₹

9,39,08,688.79 are required to meet the smooth functioning during execution.
 Probability of meeting the target is 11.60%.
 Total budget required for 95% confidence ₹ 93,71,73,688.80 .