The project assessment by simulation technique

    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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