Monte Carlo Risk Analysis

H
Hermie LaO 👤 Member for 21 years 5 months
M
Mehdi Rashidi Alangeh 👤 Member for 23 years

Open Plan was capable of quick Monte Carlo simulations, and gave detailed information regarding our activities’ early and late dates

A
ashraf alawady 👤 Member for 19 years 11 months

Hi

you can get the neccesary information by reading ’PMBOK’book (Project Management Body Of Knowledge)or visit the website of the project management institute at www.pmi.org.

Good Luck

H
Hermie LaO 👤 Member for 21 years 5 months

Hi Sai,



Basically, Monte Carlo Analysis allows you to enter Optemistic/Most Likely/Pessimistic durations on activities. You then identify the task you wish to evaluate(ie project/milestone completion activity).



You then run iterations where the system computes different combinations using programme logic and duration combinations.



End result would be a % likely completion of the identified milestones and completion dates.



Regards,



Hermi

S
Sai Prasad 👤 Member for 21 years 3 months

Hi

Please let me know what is this Monte Carlo Risk Anlysis & where do I get to learn this methodology

regards

sAI

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