Question: A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at
A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulations use computer models and estimates of risk, usually expressed as a probability distribution of possible costs or durations at a detailed work level, and are typically performed using Monte Carlo analysis.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
