Case Study: Value Management Strategies, Inc. achieves clearer cost and schedule risk forecasts and profitable project delivery with Palisade’s @RISK

VMS Utilizes @RISK to Offer Clients a Roadmap to Managing Risk on Projects and Programs

Value Management Strategies Inc (VMS) is a management consulting firm serving government and private-sector clients on large, interdependent projects. VMS faced the challenge of quantifying uncertainties that drive cost overruns, schedule delays, and scope risk across programs; to address this it adopted Palisade’s @RISK to model and forecast disruptions and provide clients with a clear roadmap for managing project risk.

Using Palisade’s @RISK Monte Carlo simulation, VMS built integrated cost-estimating and event-risk models, produced risk profiles and output graphs, and identified critical dependencies and high-impact uncertainties. The Palisade-powered analyses helped reduce the margin of error between realized costs and estimates, increase certainty in cost and schedule forecasts, surface material-price and logistical risks earlier, and move risks into an actively managed state—improving control of scope, schedule, and budget and enabling more reliable, profitable program delivery.

Value Management Strategies Inc

Gregory Brink

Director of Risk Management and Economics