Question: Develop a Monte Carlo simulation for this project plan. Simulate for 1 0 0 0 iterations. What are the 2 5 th , 5 0
Develop a Monte Carlo simulation for this project plan. Simulate for iterations. What are the thth and thpercentiles for the expected project completion?
How would you adjust either the variability and or expected value of the individual tasks to have confidence that the project duration will be less than days? Please provide the revised estimates for each of the five tasks.
Could you apply this in your present position and do you you find it useful for your future positions?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
