Much of the information on these pages is derived from the book “Project Risk Quantification” by ValidRisk partner John Hollmann. Taken together, the “Learn about” sections are a kind of digest of the book. There is a lot of information here, some quite technical, but don’t be put off by it; the ValidRisk tools are designed to be easy to use and understand by the user. Mr. Hollmann was also the primary contributor to many applicable AACE® International Recommended Practices that are referenced in these sections.

The following is an outline of the Learn About topics.

• Project Risk Quantification book
• Risk Quantification Principles
• Integrated Project Risk Quantification
• Systemic risk
• Estimate Classification
• Project Definition Rating Index
• Parametric modeling
• Regression-based modeling and calibration
• Estimate Bias/Estimate Validation
• Project-Specific (event) risks
• Expected Value with Monte Carlo Simulation (MCS) method
• About Monte Carlo simulation
• Risk Ranking/Management Reserves
• Complexity / Tipping point risk
• Escalation (market) risk / uncertainty
• Program (interaction) risk
• Project Historical Databases
• AACE International® and AACE Recommended Practices