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BUS 519 Quantitative Risk Analysis Review the Monte Carlo Analysis method presented in Chapter 15
BUS 519 Quantitative Risk Analysis 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.
· How does this apply to the Chris Davenport video on risk vs reward? How does Chris view evaluating risk in this extreme sport?
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