The Efficient Frontier and Monte Carlo Software – Part I: Background

Cost Estimating: Triangular vs PERT

Continuing with this series of articles introducing cost estimation with @RISK, we will compare the use of the most popular distributions of this technique: the Triangular and the PERT. We know that cost estimation is one of the most critical parts of project...
The Efficient Frontier and Monte Carlo Software – Part I: Background

Basic Cost Engineering with @RISK

This article offers a simple and concise explanation of the Monte Carlo simulation: a technique that combines statistical concepts (random sampling) with the ability of computers to generate pseudo-random numbers and automate calculations. The key to Monte Carlo...