When I was preparing for my PMP exam I learned what Monte Carlo analysis is. But, to be honest, I have never used it. What is your experience ? Have you done it ? Was it useful ? How did you do it ? What software did you use ? Saving Changes...
I have done Monte Carlo simulation for years on both schedule and cost. I have use various tools over time.
@risk
Oracle risk Analysis
Risky Project
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Thank you for the update regarding the tools Vincent. And thanks to Andrew and Anish for participating in the discussion. Saving Changes...
Carl ProChief Operations Officer| ProCHEM LLCMonroeville, Pa, United States
We currently are using to probabilistic tools, Active Risk Manager (ARM) for risk and Oracle Primavera Risk Analyzer (OPRA) for integrated cost and schedule monte carlo. Saving Changes...
