#34 Risk & Uncertainty Analysis

[Anonymous]

Can a risk & uncertainty analysis tool incorporated
within the software. Undertake Monte Carlo analysis on
a schedule via both uncertainty and risk.

The uncertainty analysis is usually undertaken by using
a multi point estimate on the task duration (for
example three points; minimum, mostly likely and
maximum duration of task) spread over a statistical
distribution (for example normal distribution or uniform)

The risk analysis is similar to uncertainty analysis,
however has a probability attached with the distribution.

The output from the data is usually estimates on when
the task will be finished taking into account
uncertainty and risk etc