Case Study: Wright Homes achieves better project risk assessment with Lumivero's @RISK

Developing Affordable Residential Homes with Palisade’s @RISK

Wright Homes, a developer of affordable residential homes, faced the challenge of ensuring the financial viability of its projects amidst significant uncertainty in land, construction, financing, and sales costs. To make better go/no-go decisions and evaluate project attractiveness under volatile market conditions, they turned to Lumivero for a solution.

Lumivero's @RISK software enabled the team to build probabilistic models that simulated a range of possible outcomes rather than relying on single-point estimates. This provided Wright Homes with more realistic financial forecasts and greater visibility into project risk, leading to better-informed decisions and an improved ability to confidently assess projects before committing to development.

Wright Homes

Jim Goebel

Principal Developer