DocumentCode
2529078
Title
Monte Carlo simulation in risk management in projects using Excel
Author
Tysiak, Wolfgang ; Sereseanu, Alexander
Author_Institution
Univ. of Appl. Sci. Dortmund, Dortmund, Germany
fYear
2009
fDate
21-23 Sept. 2009
Firstpage
581
Lastpage
585
Abstract
In every project, especially in software and IT projects, there is the need to perform an elaborated risk management. One main task that often causes problems is the quantitative risk analysis. In this article we will show how to deal with this by using a well-known standard product: EXCEL.
Keywords
DP management; Monte Carlo methods; project management; risk analysis; Excel; IT project; Monte Carlo simulation; quantitative risk analysis; risk management; software project; Application software; Condition monitoring; Conferences; Data acquisition; Decision trees; Distribution functions; Process planning; Risk analysis; Risk management; Software performance; Excel; Monte Carlo simulation; PERT; risk management;
fLanguage
English
Publisher
ieee
Conference_Titel
Intelligent Data Acquisition and Advanced Computing Systems: Technology and Applications, 2009. IDAACS 2009. IEEE International Workshop on
Conference_Location
Rende
Print_ISBN
978-1-4244-4901-9
Electronic_ISBN
978-1-4244-4882-1
Type
conf
DOI
10.1109/IDAACS.2009.5342913
Filename
5342913
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