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013-Don't guess! Plan your project with SCIENCE using Monte Carlo analysis
Although touched on in the PMBOK, most of us have little exposure to Monte Carlo analysis – which is a shame! Monte Carlo analysis can add a new level of credibility to our planning when the stakes are high by backing it with real science and statistical models. In this episode, we demystify this tool, discuss its benefits, when it is appropriate, and why math is our friend J From mining to professional services, contact centers and orbital battle stations, we discuss how Monte Carlo can help you run your business. We also discuss photon versus proton torpedoes. Our special guest is Luc…
The skinny
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