CRIMS Cost/ Risk Identification and Management System
The new paradigm for budgeting
Using simulation technology, CRIMS computes trillions of scenarios to forecast the probable cost. Most projects are over budget because the proposed budget is one of these scenarios. The chances of winning a state lottery are greater than determining the correct budget. CRIMS technology can be incorporated into an existing system to more accurately evaluate the true cost to complete the project.
Trending
Study of history can predict the outcome
The Great Budget system easily encourages reuse of budget components. Components can be compared "apples to apples" to predict likely behavior. This can reduce errors and increase accurate budget forecasts. Trending with budget blocks makes it fast and easy to build a budget. Combine the necessary activities from budget blocks, modify pre-defined values and a new budget is available.
Pattern Deviation
When the pattern is beyond the normal expected boundaries
During development, as costs accrue, costs and time can be compared with historical spending. Set a range for under and over spending for notification. When an activity spending is out of range notification and action can be taken. Use this to effectively monitor project progress and reduce the need to micro manage.