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BUS/519 BUS519 BUS 419 Week 6 Discussion Quantitative Risk Analysis


BUS 419 Week 6 Discussion “Quantitative Risk Analysis” Please respond to the following: • Review the Monte Carlo Analysis method presented in Chapter 15 of the Hillson and Simon text. Then, determine whether or not you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.


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