http://rule-of-thumb.net/2008/07/29/monte-carlo-simulation-with-ms-project/ A project manager's log book Fri, 16 Mar 2012 15:40:15 +0000 hourly 1 http://wordpress.org/?v=3.0 http://rule-of-thumb.net/2008/07/29/monte-carlo-simulation-with-ms-project/comment-page-1/#comment-7 Glen B. Alleman Fri, 01 Aug 2008 13:40:25 +0000 http://rule-of-thumb.net/?p=35#comment-7 Jacks MCS is a handy startin point to show how variance impacts the duration. The next step up is Risk+ which has now been reduced in price to be usable for commerical application ~$700. It provides Latin HyperCube random number generation which is critical for decoupling the durations and isolating the crutiality of the near critical path network. But Jack's code is the best place to start to get a handle in the concepts of Monte Carlo. Jacks MCS is a handy startin point to show how variance impacts the duration. The next step up is Risk+ which has now been reduced in price to be usable for commerical application ~$700. It provides Latin HyperCube random number generation which is critical for decoupling the durations and isolating the crutiality of the near critical path network.
But Jack’s code is the best place to start to get a handle in the concepts of Monte Carlo.

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