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MANDREL - Cost Risk Management Software
Mandrel lets you:
- Capture quantity uncertainties in individual costs such as labor, materials and subcontracts;
- Capture scope uncertainties (risks) by assigning probabilities to expenditures;
- Track both certain and uncertain costs as a function of time;
- Show bottom-line costs, cost variances and risk exposures.
Mandrel 2 provides all the capabilities of Mandrel 1, and in addition provides workgroup cooperation capabilities. It does this in a unique way that does not require a network or server infrastructure, but can be implemented on any set of independent computers which do not necessarily have to be linked by a network.
Mandrel 2 lets you create subordinate files, or ‘subfiles’, from your main file. A subfile contains a subsection of your cost breakdown structure, plus all the supporting data. You can give the subfile to another person or workgroup to develop it by expanding the structure and inserting data, just as you would with any other Mandrel file. When their input is reasonably complete, they can send the subfile back to you, and you then import it back into your main file. Everything they have added will be smoothly integrated into your file.
Subfiles can be imported back more than once, so if a subfile owner develops new information, they just send the updated subfile back to you and you then re-import it. Only the changes they have made since the last time will be added to your file.
Any subfile can itself create its own lower-level subfiles, and this process can be repeated indefinitely for as many levels as are required. The whole process can be thought of as successive delegation of parts of the costing process.