In Part I combining simulation and decision tree techniques was introduced. But what does that actually give you? What meaningful results are created to justify the work? Obviously there are good things to come, or I wouldn’t be bringing it up! A regular spreadsheet...
Manage Uncertainty in Project Schedules Like Never Before with Monte Carlo Simulation Answer questions like “Will this project finish on time?” or “Will we be within budget?” using ScheduleRiskAnalysis (or SRA for short), a new module within the DecisionTools Suite...
The recent blog positing on best practices in Excel modelling could be thought of as providing a reasonable and robust set of principles for building static Excel models. When building simulation models for risk analysis in Excel (for instance, with @RISK Monte Carlo...
What are the characteristics of successful managers? Surveys consistently show decision-making ability at or near the top of the lists. Perhaps no management activity is more important. Risk and Decision Analysis in Projects by John R. Schuyler presents the approach...
StatTools Quick Start Tutorial This short, interactive tutorial is designed to teach you how to use StatTools software by walking you through an actual risk model – all under 30 minutes! Build a model step by step, following the simple video instructions provided. The...
