Case Study Assignment 10
Instructions
page 242-244 read the article 'Monte Carlo in Italy' and answer the questions at the end of article
Answer
Discussion ItemsMonte Carlo Analysis1. Discuss the Advantages and Disadvantages of Monte Carlo Analysis in Project Risk Management.Advantages The monte Carlo process grants project managers enough and precise time to complete their projects. Additionally, it gives them an even more accurate estimate time to market their services. in this analysis it has been discovered that each activity can be assigned to different people and for a certain fixed duration (Milosevic, Patanakul, & Srivannaboon, 2010). This in turn helps in saving time for project risk managers. Also, the monte Carlo analysis in project risk management is important since it outlines all the required processes in project risk management, first the risk is identified, then analysed. Thirdly the risks effect is analysed and...
To avoid plagiarism, part of the answer is hidden. Click on the button below to order the full answer.
Order Answer
Back
Price Calculator
Manage orders
Why we are Ranked the best
- Unlimited Revisions
- Free 24/7 Support and chat
- Money back guaranteed
- Low prices with discounts
- Experienced writers.
- Free Unlimited support