BUS 519 Quantitative Risk Analysis Review the Monte Carlo Analysis method presented in Chapter 15in Other (Other) by vomms
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BUS 519 Quantitative Risk Analysis Review the Monte Carlo Analysis method presented in Chapter 15 of the Hillson and Simon text. Then, determine whether or not you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation. How does this apply to the Chris Davenport video on risk vs reward? How does Chris view evaluating risk in this extreme sport?
I believe the Monte Carlo analysis would be beneficial for a large, complex project. The Monte Carlo analysis method is used to...