This paper describes how to handle uncertainties in project planning using the risk model, followed by running a simulation to generate predefined project outcomes–the most critical of all parameters. Several tools currently available are briefly explained, and examples are provided as to how they function (mostly @Risk from Palisade and Pertmaster tools).
Dmitri Ilkaev has more than twenty years of experience in software and technology development. He holds Ph.D. in Computer Sciences from Moscow Institute of Physics and Technology. He can be reached at [email protected].
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