Title

The project assessment by simulation technique

Authors

Authors

G. R. Cates;M. Mollaghasemi

Comments

Authors: contact us about adding a copy of your work at STARS@ucf.edu

Abbreviated Journal Title

EMJ-Eng. Manag. J.

Keywords

project management; discrete event simulation; Monte Carlo; stochastic; uncertainty; risk; Engineering, Industrial; Management

Abstract

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.

Journal Title

Emj-Engineering Management Journal

Volume

19

Issue/Number

4

Publication Date

1-1-2007

Document Type

Article

Language

English

First Page

3

Last Page

10

WOS Identifier

WOS:000258663300002

ISSN

1042-9247

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