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What is MCM Alchimia?

The latest iteration of the free software MCM Alchimia has been developed to improve the estimation of measurement uncertainty and calibrations through the Monte Carlo technique, aligning with JCGM 101 standards. This update introduces a detailed GUM framework uncertainty budget while continuing to support correlated variables and regression curves, as seen in prior versions. Moreover, it features speed enhancements that compete with established calculation and statistics software. Users now have the ability to conduct simulations utilizing direct, inverse, and total least squares methods, providing a range of analytical options. In addition, a custom application language is offered via an external module, allowing users to create specific functionalities tailored to their needs. The output report includes an extensive statistical analysis of the conducted simulations, ensuring users receive comprehensive insights into their findings. This release not only boosts the usability of the application but also significantly increases its efficiency, making it a valuable tool for professionals in various fields. Ultimately, the enhancements in this version position MCM Alchimia as a leading choice for those seeking reliable measurement uncertainty solutions.

What is BidVariance?

BidVariance is an innovative online Monte Carlo estimation tool tailored for consultants, agencies, engineering teams, and specialized contractors involved in fixed-price projects. The platform allows users to build intricate task-oriented models by entering optimistic, probable, and pessimistic estimates for both duration and costs, while also linking tasks and integrating probabilistic risks into their project plans. Its advanced simulation engine conducts thousands of outcome evaluations, delivering insights on variations in costs and schedules, including P50, P80, and P90 results, along with probabilities related to target margins, potential losses, and the likelihood of meeting deadlines, all based on the fundamental assumptions that influence these variations. Furthermore, users can examine alternative scenarios through Business and Consultant licenses, compute quotes reflective of their confidence levels, and export project information to produce printed reports that aid in decision-making. Although project models are saved locally within the browser, users must validate their online license to unlock the complete array of features. While there are free standalone bid calculators available that do not require account creation, accessing the full-fledged multi-task simulation application necessitates a one-time license purchase. This extensive functionality positions BidVariance as a highly adaptable tool, empowering users to effectively plan projects and assess risks while also adapting to various project needs. As a result, it enhances the decision-making process and ultimately contributes to the success of fixed-price project management.

Media

Media

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Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided
Free Version

Pricing Information

$129 one-time
Pro is $129 one-time for one user; Business is $249 one-time for up to five internal users in one legal entity; Consultant is $399 one-time for a consultant or consultancy analyzing client projects. Licenses are perpetual and include free minor updates; there is no subscription.
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Not specified

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

Alchimia Software

Company Location

Uruguay

Company Website

www.mcm-alchimia.com

Company Facts

Organization Name

BidVariance

Company Location

Turkey

Company Website

bidvariance.com

Categories and Features

Statistical Analysis

Compliance Tracking
Multivariate Analysis
Regression Analysis
Statistical Simulation

Categories and Features

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