Monte Carlo simulation Archives

Prepare a research paper in APA format that explains how a project manager might use Monte Carlo simulation during any part of project planning.

Posted on April 1, 2022 by Ambrose

Monte Carlo simulation Prepare a research paper in APA format that explains how a project manager might use Monte Carlo simulation during any part of project planning (scheduling, budgeting, and risk assessment are all acceptable areas to explore). After explaining what Monte Carlo simulation is, explore both the benefits and drawbacks of using Monte Carlo […]

Submit your PERT and Monte Carlo analyses for grading along with a one-page written summary of the results and a brief discussion of how the results could be used to inform a project schedule risk plan.

Posted on February 4, 2022 by Ambrose

Description Program Evaluation and Review Technique (PERT) and Monte Carlo Analyses Refer to the activities defined in the Unit II Assignment, and complete the following tasks: Create a table of the activities, and identify logical relationships by identifying predecessors. Estimate activity durations using three-point estimates. Create a PERT schedule, and identify the project critical path. […]

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Prepare a research paper in APA format that explains how a project manager might use Monte Carlo simulation during any part of project planning.

Submit your PERT and Monte Carlo analyses for grading along with a one-page written summary of the results and a brief discussion of how the results could be used to inform a project schedule risk plan.