BUS 519 Week 6 DQ 2 Quantitative Risk Analysis
"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.
"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.
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