Education is the future. Education is the only way for a country to start developing and reducing poverty. In countries with medium incomes like Peru, the resources to spend on education is not unlimited. Therefore, it is necessary to have quality in investment. However, risks and uncertainty can make a project surpass its initial budget. Therefore, statistic based methods like Monte Carlo simulation is a powerful tool to forecast possible events that might endanger the profitability and sustainability of a project. Although there is not plenty of academic literature about Monte Carlo empirical usage, many projects employ this method to manage the possible risks the project could have. In consequence, the current research analyzed both risk and sensitivity of an elementary school building project. Both analyses showed that this project had huge probabilities to surpass the current profit and return estimations. However, the sensitivity analysis portrayed that the project could be endangered because of infrastructure overspending. Moreover, it indicated that students’ attendance is also a critical factor to ensure the sustainability of the project.

Highways and roads are important for nations' development and life quality. This is not different for Peru. A highway project called Daniel Alcides Carrión is expected to provide a solution to the over-employed Carretera Central road. This is a multimillionaire and important infrastructure project. Hence, it is important to evaluate the possible sustainability risks. In consequence, this study employed the Monte Carlo simulation for such a purpose. First, variables have been chosen and segregated into input and output. Variables like the initial investment, recurrent maintenance, periodical maintenance, savings in the operative cost of vehicles, and time savings employed the triangular distribution. Traffic growth and inflation rate employed the Pert distribution. The project's Net Present Value and Internal Rate of Return have been selected as output variables. Crystal Ball software has been employed to perform the Monte Carlo analysis. Consequently, this research found a high probability that the highway can become a profitable project due to its Net Present Value and Internal Rate of Return. Moreover, savings in operative costs of vehicles and traffic growth rate had positive impacts on the project's Net Present Value. However, the initial investment had a negative relationship with the output variable. Hence, the new highway should take prevision policies to maintain traffic flux. Thus, avoid closures that can have both human and natural sources. This study is the first in the Peruvian academic literature regarding highways risk analysis. Moreover, this study provides researchers, state officials, future highway managers, and users' valuable information to elaborate preventive measures to maintain the highway's social sustainability and increase its benefits.