Frequently Asked Questions
Q: How often should Crims be used?
A: Depending on the version of Great Budget Crims, it can be used interactively during the planning process (enterprise/ professional edition). The online version should be used prior to preliminary plan release for approval and during project modification phase. The Crims report should be included in the final approval processes.
Q: How is Crims incorporated in the development cycle?
A: After project approval, monitor the tasks with high risk (enterprise and professional edition). As part of the project plan include milestone checks for progress and expenses. Remove completed tasks from the project plan and run the Crims assessment on the remaining tasks.
Q: How accurate is Crims?
A: Cost / risk identification predicts the odds of specific outcomes (success for a given cost). The algorithms are based on the data supplied in the project. The more accurate the project the better Crims can project the risk. The enterprise edition includes learning algorithms to improve predictions.
Q: How does Crims compare with other tools?
A: We would like to learn about any tool that predicts the potential cost of a project because of built in uncertainty.
Q: How can the Crims spread be improved (reduced)?
A: The enterprise and professional edition identify the tasks that reflect the greatest risks. Break these tasks finer grain measurable and evaluate ways to reduce the uncertainty in the task (see "Test your Project" for ideas) .