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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? Do you find yourself overcome by the inherent uncertainty of project variables like cost or schedule and worried about how they might impact your project's success?

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Mastering the project life cycle: Your complete guide (+ examples)

Resource Guru

Phase 2: Planning—the foundation of your entire project Once you have the green light for the project, it’s time for planning. This rigidity is not suitable for all projects. For instance, the objective of “increase total organic traffic by 20% by the end of August 2023” is much better than “increase traffic.”