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About
Estimate project budgets using Monte Carlo simulation. Break down projects into tasks, input cost probability distributions for each, and get a calculated budget. Ideal for planning and financial forecasting.
✓Monte Carlo simulation for budget calculation
✓Decomposition of projects into tasks
✓Input triangular cost probability distributions
✓Parameter entry for cost distributions
✓Budget estimation for projects
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What's New in Project Budget
1.35
April 28, 2025
Minor redesign of the interface
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FAQ
What is Project Budget used for?
Project Budget is used to estimate project budgets by employing Monte Carlo simulation. It allows users to break down projects into smaller tasks and input cost probability distributions for each task to derive a calculated budget.
How does Project Budget calculate budgets?
It utilizes Monte Carlo simulation, a method that involves running multiple iterations based on user-defined triangular cost probability distributions for each project task. This process generates a range of potential budget outcomes.
What is a triangular cost probability distribution?
A triangular distribution is a mathematical model representing the simplest cost estimation: a minimum possible cost (a), a maximum possible cost (b), and a most likely cost (c). Project Budget uses these parameters to simulate cost variations.
What devices is Project Budget available on?
Project Budget is available on iPhone, iPad, and iPod devices. It is designed to be accessible on Apple's mobile operating system.
How much does Project Budget cost?
Project Budget is a paid application, priced at $1.99. This one-time purchase grants access to all its features for budget estimation.
When was Project Budget last updated?
The latest version of Project Budget was updated on April 28, 2025. This indicates ongoing support and potential improvements to the application.
What is the age rating for Project Budget?
Project Budget has an age rating of 4+. This suggests that the content and complexity of the app are suitable for users aged four and older.
Does Project Budget have ads?
No, Project Budget does not contain advertisements. As a paid application, it offers an ad-free experience for users focused on budget estimation.
