Elevating Cost & Schedule Analysis with AI

13 May at 11:00 AM Eastern (US)

Earn 0.1 CEUs!

Overview: Accurate cost and schedule forecasting is critical for project success — but traditional deterministic methods often leave too much uncertainty unaccounted for. Join Manuel Carmona, Risk and Decision Analysis Specialist at EdyTraining Ltd, for a hands-on, expert-led webinar where you’ll learn how to harness the power of Monte Carlo simulation and leverage AI as a collaborative partner to build smarter, more reliable cost estimation models.

Key Takeaways:

• Leverage AI as a Thought Partner for Cost Estimation Modeling: Learn how to use AI as a sounding board to frame better modeling questions, validate assumptions, solve cost estimation problems, and support decision-making throughout the simulation process.
• Master Monte Carlo Simulation and Probabilistic Cost Estimation: Understand how probabilistic modeling captures the full range of possible project outcomes, enabling you to move beyond single-point cost estimates toward more informed and resilient planning.
• Develop Effective AI Prompts with RTF and CREATE Techniques: Explore two practical prompt-writing methods that will help you structure clear, purposeful AI interactions to guide model building, parameter selection, scenario analysis, and uncertainty evaluation.
• Enhance Simulation Setup and Analysis with AI Guidance: Discover how AI models can assist in selecting probability distributions, troubleshooting model functions (e.g., Excel formulas), providing second-opinion assessments of uncertainty, and conducting comparative analysis of different simulation assumptions.

NOTE: The webinar is free, but registration is required. CEUs will be available for both members and nonmembers.