Setting up a new project can be daunting. In this course, Creating Project Contingencies, you’ll learn how to compare and contrast USM and Monte Carlo simulation methods for simulating schedule cost analysis and risk analysis. First, you’ll explore the unified scheduling method (USM) by applying it to a project schedule, budget, and risk register. Next, you’ll discover the differences between the USM and a Monte Carlo analysis for risk analysis. Finally, you’ll learn how to use USM and Monte Carlo simulations for scheduling and making cost analyses. When you’re finished with this course, you’ll have the skills and knowledge of planning a project using different simulation methods needed to build project plans.
Author Name: Sarper Horata
Author Description:
Sarper is a computer scientist, an ex software developer, and an experienced product manager on different products on different platforms including Web, Android, IOS, and some of the Blockchains; who worked at corporations and startups over a decade, where his products reached to thousands of people with annual sales of 8 figure digits. He is a creative person in finding practical & advanced solutions with delivering a great user experience by acting as a strong communicator between technical &… more

Table of Contents

• Course Overview
  1min
• Risk Management Basics
  36mins
• Applying USM to a Project and Budget
  35mins
• Monte Carlo Simulation for Risk Assessment and Comparison with USM
  25mins