Risk Assessment and Allocation for Highway Construction Management

Risk Management Matrix - High Probability, High Impact

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Figure 18. Graphs showing typical Monte Carlo output for total costs. Bar graph at left appears generally bell-shaped and shows Distribution for Total Projects Costs in Current Dollars. The Mean is 499.57, with a 90 percent probability range from 437.98 to 566.93, and a 5 percent probability above or below the range. Line Graph at right shows Cumulative Total Project Costs in Current Dollars. The diagonal curve gently levels out below the 400 and above the 600 range. The Mean is 499.57, with a 90 percent probability range from 437.98 to 566.93, and a 5 percent probability above or below the range.

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