Article ID: | iaor1991157 |
Country: | United Kingdom |
Volume: | 8 |
Issue: | 2 |
Start Page Number: | 84 |
End Page Number: | 88 |
Publication Date: | May 1990 |
Journal: | International Journal of Project Management |
Authors: | Williams T.M. |
Keywords: | simulation, risk |
This paper presents a method for evaluating risk in projects using a CPA package embedded in a simulation control framework. An implementation on a personal computer and a demonstration example are described. The key new features of this approach are firstly its ability to deal with a wide range of sources of uncertainty, including uncertainties in the network’s structure and uncertain resource constraints, and secondly new indices of criticality.