Project Costing with Monte Carlo Simulated Probabilities | Project Management Online Course by Udemy

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Using @RISK to quantify project contingency considering price and quantity variations and risk events.

An excellent training about Project Management

Project Costing with Monte Carlo Simulated Probabilities

We present here an integrated business case for calculating a simplified project cost estimation. An integrated case for calculating a simplified project cost and its probabilistic contingency reserve estimation. Quantification of price and quantity risk as well as event risks. The objective of presenting this example is to demonstrate a number of basic and intermediate tools from @RISK that are relevant to current practices used in the world of project management. The goal is to show how @RISK tools can be used to represent quantitative not qualitative risk analysis.

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