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What is R3?
We provide support to a range of operators, including banks, consultants, national oil companies, and government organizations, enabling them to manage their assets effectively and accurately. Utilizing R3's top-tier decline curve tools, you can easily compute reservoir volumes and generate reliable production forecasts. Our Monte Carlo probabilistic simulator is designed to help you evaluate risks tied to your development strategies while enhancing cash flow through stochastic analysis. You can also effortlessly craft structured reports that meet SEC, PRMS, governmental standards, or your specific requirements. Our sophisticated decline curve analysis tools come with user-friendly features, such as shortcut keys and customizable templates, which greatly boost evaluation productivity for our clients. Furthermore, you can produce credible and flexible Reserves Reports along with Interactive Visual Analytics Storyboards to enhance your presentations. Additionally, R3 Economics acts as the core component of our modular system, providing unmatched adaptability for different operational demands. This holistic strategy guarantees that all users can optimize their asset management practices for maximum efficiency, ultimately leading to better decision-making and improved outcomes.
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.
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Integrations Supported
API Availability
API Availability
Pricing Information
Pricing not provided
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
Windows
Supported Platforms
SaaS
Customer Service / Support
Standard Support
Web-Based Support
Customer Service / Support
Web-Based Support
Training Options
Online Training
Training Options
Documentation Hub
Company Facts
Organization Name
OGRE Systems
Company Website
www.ogresystems.com
Company Facts
Organization Name
BidVariance
Company Location
Turkey
Company Website
bidvariance.com
Categories and Features
Oil and Gas
Material Management
Resource Management
Categories and Features
Construction Estimating
Not specified
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