Customers & Industries: Kinder Morgan/Riskcore Ltd. Industry: Oil/Gas/Energy, Construction Product(s): @RISK Application: Modelling project cost contigency and escalation Summary For project sanction and to satisfy its many stakeholders, an oil and gas industry risk analysis expert needed to quantify the cost uncertainties and inflation on a projected $7.4 billion Canadian pipeline project. Using his own risk model build on the @RISK platform, John Zhao of Kinder Morgan and Riskcore Ltd. was able to combine qualitative and quantitative processes to produce a detailed and auditable analysis. @RISK Home Customers & Industries Kinder Morgan/Riskcore Ltd. In a megaproject like the TMEP, risks should not only be identified through a qualitative process but also quantified via a stochastic quant

Join for free to read