QRA DecisionReady
Stop guessing whether your project estimate will hold. QRA DecisionReady gives you the confidence to commit to numbers you can defend.
Created by Network Associate Philip Morin
The Question Every PM Dreads
“Can you explain why we're over budget?”
If you manage large projects, that question keeps you up at night. And the data says you should be worried. Canadian infrastructure projects tell a brutal story:
of major projects exceed their approved budget
average schedule overrun on Canadian infrastructure projects
of projects finish within 5% of their original estimate
These aren't just statistics. They represent careers derailed, trust broken with stakeholders, and organizations left scrambling to explain what went wrong. The root cause? Estimates built on hope instead of data.
What QRA DecisionReady Does
QRA DecisionReady is quantitative risk analysis software purpose-built for project managers and estimators who need defensible numbers. It transforms your estimate from a single-point guess into a probability-based range that accounts for real-world uncertainty.
Instead of presenting one number and praying it holds, you present a range with confidence levels. Your stakeholders see exactly what contingency covers, and you can answer the hard questions before they're asked.
Key Capabilities
Monte Carlo Simulation
Run thousands of scenarios against your estimate to reveal the true probability distribution of outcomes. See what “likely” actually means in dollars and days.
Contingency Justification
Generate data-backed contingency recommendations tied to specific confidence levels. No more arbitrary percentages. Every dollar of contingency has a rationale.
Risk-Adjusted Estimates
Link identified risks directly to cost and schedule impacts. Your estimate reflects what could actually happen, not just what you hope will happen.
Schedule Risk Analysis
Integrate schedule uncertainty into your timeline forecasts. Know the probability of meeting key milestones before you commit to them.
Why It Matters
Defend Your Numbers with Data
When a board member asks “why do we need this much contingency?” you have an answer backed by thousands of simulated outcomes. No more hand-waving.
Make Informed Go/No-Go Decisions
See the true probability of delivering within budget and schedule before you commit. Better to know the odds early than to explain the overrun later.
Protect Your Reputation
Project managers are remembered for two things: delivering on promises, or failing to. QRA DecisionReady helps you make promises you can keep.
Meet Treasury Board Standards
Canadian public sector projects increasingly require quantitative risk analysis. QRA DecisionReady delivers the rigor that oversight bodies demand.
Who Uses QRA DecisionReady
Project Managers
Who need to present estimates they can stand behind when leadership pushes back.
Cost Estimators
Who want to quantify uncertainty instead of burying it in optimistic assumptions.
Risk Managers
Who need to connect identified risks to real financial and schedule impacts.
Executive Sponsors
Who approve budgets and need to understand what confidence level their approval buys.
Get the Full Overview
Download the QRA DecisionReady overview document to learn more about capabilities, methodology, and how it can transform your project estimation process.
QRA DecisionReady Contact
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