Dear all,
Can we do monte carlo risk analysis in Oracle Primavera 6 .Can we perform 1000 iterations & generate graph? How good is the report?
Regards
Sankar Vijayan
Dear all,
Can we do monte carlo risk analysis in Oracle Primavera 6 .Can we perform 1000 iterations & generate graph? How good is the report?
Regards
Sankar Vijayan
Jay;
You have a choice in PRA - hypercube or MC (Risk Analysis/Options/Analysis/) - depending upon how fast you need an answer. As I understand it, hypercube uses fewer samples and was important when there was less computing power available. Not so important now.
I believe a 'better' answer is obtained by unchecking Latin Hypercube and using Monte Carlo - I could be wrong. Might be a good topic/question in the Risk forum.
Hi Sankar,
Monte Carlo has been superseded by Primavera Pertmaster / Primavera Risk Analysis which uses the Latin Hypercube simulation and can perform 1,000 iterations.
Kind Regards,
Jay Dehal