Pertmaster allows for the integration of cost loading into the schedule. It runs the same Monte Carlo simulations to determine the probability of cost overruns, accounting for both the uncertainty of labor rates and the financial impact of schedule delays.
The software runs thousands of iterations (Monte Carlo simulation) to calculate a probability distribution of completion dates. pertmaster software
While traditional project management tools like Microsoft Project or Oracle Primavera P6 focus on creating a static timeline (a "deterministic" schedule), Pertmaster focuses on the "probabilistic" reality—calculating the likelihood of a project finishing on time and within budget. Pertmaster allows for the integration of cost loading
The primary function of Pertmaster is to perform Monte Carlo simulations on a project schedule. pertmaster software