Hi @projectriskcoach, with the quantitative assessment e.g 50% probability the project will delayed in one month, how this help in crafting the response strategy to minimise further the likelihood of delay? As per result, the project still delayed circa 1 month (ie 5 weeks). I am trying to understand the value of the quantification and how this help to shape the strategy / risk responses.
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Hi @projectriskcoach, with the quantitative assessment e.g 50% probability the project will delayed in one month, how this help in crafting the response strategy to minimise further the likelihood of delay? As per result, the project still delayed circa 1 month (ie 5 weeks). I am trying to understand the value of the quantification and how this help to shape the strategy / risk responses.
Exploring Monte Carlo Analysis: What You Need to Know projectriskcoach.com/monte-carlo-risk-analysis/
Are you ready to enhance your risk management skills?
👉 Join me next week (Jan 23-25) for the 3-Day Risk Management Challenge: projectriskcoach.com/3day