Technique (PERT) and Monte Carlo Analysis
INSTRUCTIONS
Consider a schedule in daily life that you lived through and that in your view would benefit from modeling using program evaluation and review technique (PERT), a Monte Carlo analysis, or both. Describe the schedule, and explain why modeling the schedule would have assisted in managing the schedule risk and why taking the trouble to model the schedule would have made a difference.
N/B:
Please be informed that an introduction and a conclusion are required in the assignments. With an introduction you should be putting forward the thesis statement to be defended and developed in the rest of your work, in addition to specifying your subject and creating a hook to interest your reader. You should also indicate what your paper will be about and how you will approach the topic (your purpose). With your conclusion, you should be reinforcing your ideas by mentioning the points you treated in body of your work. Your concluding paragraph should summarize the main idea, tie your main points together neatly for your reader, and end with a sense of finality. It should be as if you were an attorney presenting the final argument for your client in a trial, surmising all the key points you have argued. Additionally, all the basic requirements of APA form and style including double spacing, font style, and etcetera are required. APA 7th Edition Sample attached
Also, you could refer to the book:
Project Management: A Risk-Management Approach
Ted Klastroin; Gary Mitchelle
Technique (PERT) and Monte Carlo Analysis
CITATION
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