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Tag Archives: Monte Carlo

What is Monte Carlo Simulation and Why Should I Use It With Microsoft Project?

Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle. Event Description:  Monte Carlo simulation is named after the European city famous for games of chance (which is a polite way of saying gambling!). This session will explain the fundamentals of Monte…

Understanding and Managing Uncertainty

  All too often schedule risk analysis is perceived as an advanced and time consuming technique performed in a cursory manner only to satisfy contract bid requirements. This article shows how even simple generic analysis can highlight areas for estimate refinement and then how tools like historical analysis and estimate confidence assessments can dramatically improve…

Barbecana Ships New Release of Risk Analysis Program

Project managers have a new way to perform risk analysis on their project estimates for more realistic scheduling and budgeting. Barbecana has shipped a new version of its Monte Carlo schedule risk analysis software. Full Monte 2016 for Microsoft Project includes these features: A spreadsheet interface simplifies data entry, supports inheritance through the project structure…

Webinar: Risk Management with Microsoft Project and Project Server

  Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical Category of the Talent Triangle. Event Description: Microsoft Project and Microsoft Project Server are comprehensive software systems that help users execute different project management processes. One of these processes is risk management, which is s…

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