Question: The case study provided on the Sydney Opera House There are some arguments regarding how contingency on the project should be estimated. The current contingency

The case study provided on the Sydney Opera House There are some arguments regarding how contingency on the project should be estimated. The current contingency is at 8%You and the management team believe that it is a completely inappropriate contingency estimate. Your manager needs you to convince the Opera House Board that there is insufficient contingency on the project. But your manager is concerned that they are not familiar with modern contingency estimating tools such as Monte Carlo simulation.You need to convince them that the cost and effort involved in doing a Monte Carlo Simulation on the cost estimate and schedule of the Cape Town Opera house project is worthwhile. How would you convince them that it is the right thing to do?

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