The project assessment by simulation technique
Abbreviated Journal Title
EMJ-Eng. Manag. J.
project management; discrete event simulation; Monte Carlo; stochastic; uncertainty; risk; Engineering, Industrial; Management
Project uncertainty is present in many places including the estimates for activity durations, in the Occurrence of unplanned or unforeseen events, and in the availability of critical resources. The impact call be project completion delays, increased costs, and decreased stakeholder benefit. The Project Assessment by Simulation Technique (PAST) enhances stakeholder visibility of project uncertainty, i.e., risk to project completion performance. In certain situations, this enhanced visibility may lead to improved project risk management and improved project completion performance. An engineering manager Call use this article to gain insights into the PAST methodology, its use oil a large complex project, and its potential benefits to project management.
Emj-Engineering Management Journal
"The project assessment by simulation technique" (2007). Faculty Bibliography 2000s. 6919.