Monte Carlo Risk Analysis

H
Hermie LaO 👤 Member for 21 years 4 months
M
Mehdi Rashidi Alangeh 👤 Member for 22 years 11 months

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

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ashraf alawady 👤 Member for 19 years 9 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 4 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 1 month

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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