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

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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 Carlo Simulation (aka Schedule Risk Analysis) and show how it can be easily applied to enhance the realism of schedules in Microsoft Project. Who knew that throwing some dice could dramatically increase our chance of delivering projects on time!

Presenter Bio:

John Owen is vice president of operations at Barbecana, an industry leader in the development of software products that help companies validate and assure that their project schedules comply with best practices and to better understand the impact of uncertainty. John has over 30 years of experience with project management software. After managing a computer department dedicated to project scheduling in the oil and gas industry, John joined Welcom as European Technical Director in 1986 where he was responsible for product management of the Open Plan Schedule and Risk Analysis tool before he assumed the position of vice president of development in 2003. After the acquisition of Welcom by Deltek in 2006, John ultimately assumed the role of Director of Products and Strategy for schedule and risk products. To learn more about Barbecana’s advanced, fast, and cost effective tools for risk and schedule analysis, visit www.barbecana.com; or call +1 (281) 971-9825.

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Written by John Owen
John Owen, CEO Barbecana Inc. Owen joined Barbecana as Chief Operating Officer in 2014 and assumed the role of President and CEO in 2019.  Owen has extensive experience of both project management and software development.  Previous positions have included VP Development for Welcom, Senior Director for Product Management at Deltek, and Manager for Computerized Project Management at Worley Engineering. Owen’s interests include Land Rovers, Smart Homes, and DIY projects around the house.
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