Monte Carlo Schedule and Cost Risk Analysis Demystified - Webinar

This webinar an introduction to Monte Carlo simulations of project schedules. The webinar will explain how to model uncertainties and risks in task cost and schedule and how discrete events can be converted to probabilistic statistical distributions and how calculations are performed. You will also learn about correlations between various uncertainties are defined and how they affect results of Monte Carlo simulations. The webinar material will be presented based on realistic schedules analyzed in RiskyProject software.
You will learn:
- Why and how Monte Carlo improve your project forecasts,
- What statistical distributions are and how they can be used in different situations,
- How to run a Monte Carlo simulation with risks and uncertainties,
- What are the results of Monte Carlo simulations are how they are used to optimize your project.
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