If so do you use it via an application that has this feature built in or do you build your own models using Excel? Also, what are you using this for and how frequently do you use? I have posted a poll on this get an idea of how many people might use it and how often.
I am trying to get an understanding of people awareness and use of Monte Carlo methods. I have created and used experiments for estimating, which I have found helpful.
Any insights into how people have used this, issues and benefits would be greatly appreciated. Saving Changes...
There was a good article I'd read a year or so back which challenged the use of MC in project contexts as no two projects are the same and you only execute a given project once.
Having said that, I have used an estimating tool (QSM) a long time ago which leveraged MC as part of its model.
Given the uniqueness of projects and/or experiments, I found I have to build/modify the Excel model to suit each case, which makes it very time consuming, and therefore limits its practicality. Saving Changes...