PRBE Application Tool Videos

An overview of the files contained in the PRBE application tool zip file.

Demonstrates how to configure Microsoft Excel to work with PRBE Application Tool by specifying the location of necessary folders and DLL files.

A quick demonstration of the PRBE application, showcasing its features and navigation, as well as how to input data and run simulations to generate output tables and graphs for project analysis.

Explains how to access the toolbar in a PRBE application toolbar and highlights the different navigation and protection features available.

Demonstrates how to create and manage user-defined outputs, and explains the benefits of using these outputs.

Explains how you can use a lower number of iterations or monitor convergence when running simulations to save time while still providing reasonably accurate results.

Discusses the purpose and features of the "about" sheet, including color codes for cells, versioning implications, and the administration option for disabling auto-zoom.

An overview of a disclaimer and how to access it.

An overview of the Home sheet, highlighting its features and explaining the importance of inputting the date when the estimate was last updated.

Explains the process of structuring an estimate to simplify the analysis, minimize the number of independent distributions,  focus on significant risks, minimize the number of risks added to the risk register, and accurately calculate the total cost.

Explains how to input cost phases and their abbreviations into the Names tab to set up a project model for base uncertainty analysis. 

How to use the inflation sheet in a project, including inputting inflation rates, creating different scenarios, and evaluating the impact of inflation on the project.

Provides an overview of the base uncertainty sheet explaining how to input parameters for base cost, schedule, base variability, and market conditions to define base uncertainty. 

Explains the purpose of the "adjustments" sheet in tracking changes made to the base estimate during a risk workshop.

Explains how to use a risk ID sheet to identify cost and schedule risks in a project and synchronize them with a risk register.

Provides an overview of the Risk Register table, including its features and functionality for managing and evaluating cost and schedule risks in a project.

The video discusses improvements made to the minor risk tab in the PRBE application tool, highlighting its transition from a manual to a fully automated system for identifying and consolidating minor risks, which streamlines the analysis process and enhances efficiency.

Explains the purpose and functionality of the Year of Expenditure sheet, which is used to calculate and analyze costs and project timelines.

Provides a detailed explanation of the settings sheet in the simulation tool, highlighting each of the tables and their functions, as well as the importance of properly setting up the tool for precise and effective simulations.

Provides an explanation of the features included in the summary sheet, such as a budget chart, summary calculations table, statistics table, and different approaches for calculating the budget.

Provides an overview of four tables used in the scenario sheet, explaining how they are set up and their purpose in evaluating total project cost, contingency, risk remediation, and inflation scenarios.

Provides an overview of PRBE charts and how they can provide insights into project risk.  Charts include the distribution, sensitivity, risk rank, extreme tail analysis, and the manual chart for placement in final reports.

Explains how to use a risk template to engage subject matter experts and streamline the risk identification process.