Creating Project Contingencies

Welcome to my project contingency management course.This course will teach you to compare and contrast USMand Monte Carlo simulation methods for simulatingschedule cost analysis and risk analysis to evaluate projects.

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.