Advanced Risks Tools
Advanced Risks Tools.
Advanced Risks Tools
- Review the Monte Carlo Analysis method presented in Chapter 15 of the Hillson & Simon text. Then, determine whether you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.
- After posting your response, respond to at least one (1) of your classmates on their suggestions.
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