0710PLCM
Module
07 Managing Planning & Scheduling
Sub-Module
Level
Professional (Practitioner / Project Manager)
Discipline
Cost Management
- Is able to identify and explain how risks can be identified, quantified and how this information be incorporated into the CPM schedule
- Be able to explain how Monte Carlo simulations works and be able to read and understand the outputs from a Monte Carlo simulation
- Be able to explain the difference between risk and uncertainty and how both can be incorporated into a project plan through choosing the appropriate logic or modifying the existing logic
- Be able to define what "Merge Bias" is, how it is calculated, and how to measure or assess the impact of merge bias