The book “Schedule Quantitative Risk Analysis (Traditional Method)” talks about quantification of schedule risk, modelling of identified risks, and duration ranging/three-point estimating. It discusses calculation of schedule contingency, and how to recognize risk drivers before risk sets in while using the right schedule models.Anyone who manages a business or a project must recognize that uncertainty are before them daily. As such, there is a need to understand the decisions they make. Schedule quantitative risk analysis (SQRA) uses Monte Carlo/Latin Hypercube simulation, a great method for addressing the uncertainty and variability of project schedules.
#pmsolutionpro #schedulecontingency #scheduling #planning #projectmanagement #riskanalysis #riskbasedmanagement #rufranfragoRufran C. Frago-PM Solution ProWe are part of the solution!Related sites:https://www.amazon.com/author/rufrancfragoThe Other Three BooksIndigo/ChaptersYour World, Our Risk Universe: WordpresLinkedIn Professional WebsitEOther books authored by Rufran FragoRisk-based Management in the World of Threats and Opportunities: A Project Controls Perspective.ISBN 978-0-9947608-0-7.CanadPlan to Schedule, Schedule to Plan.ISBN 978-0-9947608-2-1.CanaHow to Create a Good Quality P50 Risk-based Baseline Schedule.ISBN 978-0-9947608-1-4.Canada