Tools and Technique for which process?

Saf Sied Saf Sied Va, United States

Finding the probability of completing a project under different situations would be a Tools and Technique for which process?

Posted: Feb 7, 2020 7:41 PM

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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

Feels like Quantitative Risk Analysis to me if we are referring to use of Monte Carlo simulation or something similar...

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1 reply by Saf Sied

Feb 09, 2020 8:23 PM

Saf Sied

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Since we are looking at probability of completing a project under different situations, could we be in "Develop Schedule" process?

Posted: Feb 8, 2020 12:16 AM

Thomas Walenta Global Project Economy Expert Hackenheim, Germany

Would agree with Kiron here that it belongs to process 11.4..
Looks like it could be simulation (though Monte Carlo applies to 1000s of alternatives, not only several) or decision tree analysis (selecting the best of several alternatives).

Posted: Feb 8, 2020 9:49 AM

Luis Branco CEO| Business Insight, Consultores de Gestão, Ldª Carcavelos, Lisboa, Portugal

Dear Saf
Interesting your question
Thanks for sharing

It may be in the Risk Management Knowledge area

Posted: Feb 8, 2020 10:12 AM

Saf Sied Saf Sied Va, United States

Feb 08, 2020 12:16 AM

Replying to Kiron Bondale

...

Feels like Quantitative Risk Analysis to me if we are referring to use of Monte Carlo simulation or something similar...

Since we are looking at probability of completing a project under different situations, could we be in "Develop Schedule" process?

Posted: Feb 9, 2020 8:23 PM

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Tools and Technique for which process?

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