Project management simulation is simulation used for project management training and analysis. Project management simulation is often used as training simulation for project managers. In other cases it is used for what-if analysis and for supporting decision-making in real projects.
In this course students identify and define project scope and quality requirements using an array of processes, tools and techniques, including Planning Scope Management, Collecting Requirements, Defining Scope, Creating the Work Breakdown Structure (WBS) and Planning Quality Management. EPM-1143: Project Resource Planning: Resource Management
Jul 26, 2020 · (The above information is only for illustration purposes and is not from an actual Monte Carlo simulation test result.) After reviewing the results, you can determine that there is a 2% chance of completing the project in 16 months, or a 70% chance of completing the project in 19 months, or a 95% chance of completing the project in 20 months, etc.
Risk is "an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives" (PMBOK® Guide—6th Edition, Page 720). ). Scope risks are uncertain events or conditions that are related to the project sc