| 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.