Question: please explaine to me the slide - risk management Sample Monte Carlo Simulation Results for Project Schedule Date: 1/14/08 11:13:56 AM Number of Samples: 250

please explaine to me the slide - risk management

Sample Monte Carlo Simulation Results for Project Schedule Date: 1/14/08 11:13:56 AM Number of Samples: 250 Unique ID: 1 Name: Widget Completion Std Deviation: 5.2d 95% Confidence Interval: 0.6d Each bar represents 2d Completion Probability Table Sample Count 45.0 40.5 36.0 31.5 27.0 22.5 18.0 13.5 9.0 4.5 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 Cumulative Probability Prob Date Prob Date 0.05 2/4/08 0.55 2/17/08 0.10 2/8/08 0.60 2/18/08 0.15 2/9/08 0.65 2/19/08 0.20 2/10/08 0.70 2/22/08 0.25 2/11/08 0.75 2/22/08 0.30 2/12/08 0.80 2/23/08 0.35 2/15/08 0.85 2/24/08 0.40 2/15/08 0.90 2/25/08 0.45 2/16/08 0.95 2/26/08 0.50 2/17/08 1.00 3/10/08 1/29/08 2/17/08 3/10/08 Completion Date

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