Project Management Simulation - Analysis

Analysis

Project management simulation is used to analyze real projects. The goal of the simulation is to show the user the different possible outcomes of his decisions, along with the probability that each outcome will occur. The simulation helps in reducing the project risk and in choosing the best project plan. In a typical simulation the project is first modeled into a software tool along with uncertain variables. A simulation is then run to check the different possible outcomes and their probability as a result of different inputs for the uncertain variables.

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