Proceedings (National Conferences of The Society of Project Management)
2009.Spring
Session ID : 1105
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1105 Are you waltzing with bears with bare hands? : 3 keys to adapt Monte-Carlo simulation to your project
Jun'ichi Fukuda
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CONFERENCE PROCEEDINGS OPEN ACCESS

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Abstract
In this paper, I intend to enable you to understand and adapt Monte-Carlo Simulation to your project practically. First I explain Monte-Carlo Simulation with "Riskology" which is a simple tool to execute Monte-Carlo Simulation on your PC, developed by DeMacro and Lister. Second I prove how it explains period and cost of actual projects well by comparing to actual data collected and published by SEC (Software Engineering Center). As a result, I found both of them have similar probability distribution and I believe it could be useful to treat risks in real projects.
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© 2009 The Society of Project Managemen
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