A simulation uses a projectA temporary endeavour undertaken to create a unique product,... More model that translates the uncertainties specified at a detailed level into their potential impactA noticeable effect or influence. The assessment of the effe... More on objectives that are expressed at the level of the total projectA temporary endeavour undertaken to create a unique product,... More. ProjectA temporary endeavour undertaken to create a unique product,... More simulations use computer models and estimates of riskAn uncertain event or condition that, if it occurs, has a po... More, usually expressed as a probabilityThe likelihood of a risk occurring. More distribution of possible costs or durations at a detailed workThe total number of hours, people or effort required to comp... More level, and are typically performed using Monte Carlo analysisA technique that computes or iterates, the project cost or p... More.
