Quantitative risk analysis is mandatory for many private organizations and government agencies in medium- and large-scale projects. Due to its advantages recognized by both practitioners and academics, Monte Carlo simulation
Assignment Overview Quantitative risk analysis is mandatory for many private organizations and government agencies in medium- and large-scale projects. Due to its advantages recognized by both practitioners and academics, Monte Carlo simulation has become a widely applied technique in quantitative risk analysis. This assignment will introduce students to Primavera Risk Analysis (formerly known as Pertmaster…