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Musings on Project Management
OCTOBER 20, 2019
For many years, I've preached the benefits of the Monte Carlo simulation (MCS). For many reasons, it's superior to other analysis paradigms. In network analysis, for instance, it handles the parallel join or 'gate' as no other method will. In fact, it's this very capability that renders the Monte Carlo superior to other risk adjusted ideas, like the PERT method in scheduling.
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