Week 6 DQ 2 Quantitative Risk Analysis

Week 6 DQ 2 Quantitative Risk Analysis

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Quantitative Risk Analysis Please respond to the following:

·         Review the Monte Carlo Analysis method presented in Chapter 15 of the Hillson and Simon text.

Then, determine whether or not you would recommend to a project manager the use of this methodology for a large, complex project.

Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you

would recommend as an alternative tool that would allow the project manager to make informed decisions.

Provide a rationale for your recommendation.

Week 6 DQ 2 Quantitative Risk Analysis

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