Featured in Smartsheet: The Monte Carlo Simulation is a key benefit to a project risk analysis
Smartsheet features our own Luis Contreras in an interview about “The Essential Guide to Project Risk Analysis”
Project Risk Analysis Tools are common tools for project teams to use when performing a true project risk analysis. Contreras explains that Monte Carlo Simulations perform calculations that no human or project team could. Contreras says. “Because humans — project managers — no matter how good, we tend to be optimistic. This inserts some objectivity, the whole randomness of rolling the dice on those durations and those costs.”
To read the full interview and article with Smartsheet, click here.
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