This analysis consists of a tool that allows risk to be measured based on various simulated scenarios through programs such as Excel or R Studio.
To carry out this simulation, extensive data collection is carried out. “The results are then calculated over and over again, each time using a different set of random ios database values from the probability functions. In this way, depending on the number of risks or uncertainties and the specified ranges, thousands of recalculations may be necessary to complete the simulation,” the website states. By using random values, it is very useful in cases where data on the reality to be analyzed cannot be obtained.
In a constantly changing environment, having tools that can predict the time, costs and viability of a project is essential for its correct execution. This tool takes into account two non-deterministic aspects, that is, its results depend on multiple variables, which are the tasks and the risk in the investments.
FUNIBER sponsors a wide variety of university programs focused on training professionals in the field of projects. One of the courses is the Master's Degree in Project Design, Management and Direction .
