“How do I convince my team that this is worth the effort?” This is one of the frequently asked questions that we run across during our discussions with project teams and it is a good question that deserves an answer. Project risk analysis is not without cost. It takes time and effort to develop the culture, processes and tools to perform them effectively and often, in the same way it takes
Risk Management : Tutorials and Articles
Browse these tutorials and articles that focus on Risk Management and Primavera P6.
The term Monte Carlo Simulation just has that aura and feel about it...... it sounds complex. But in reality it's not as complex as we think. Let's see if we lay it out for you in straightforward terms. What is a Monte Carlo Simulation? A Monte Carlo simulation is simply a way to understand how inputs into a system might affect the outputs. Let's say you have a box of coins that you pour out