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Updated: Sept. 1, 2023 The escalation of Russian’s invasion of Ukraine and the ongoing response to the COVID-19 pandemic contributed to crude oil price volatility and a surge to over $130 a barrel in the spring of 2022. These high levels for oil prices, which have not been seen since 2008, occurred just two years […]
Between the Data Episode 47: Post-Intentional Phenomenology: Considerations and Principles Social science researchers have long utilized phenomenological research methodologies in their qualitative research to study consciousness from direct experience. While this approach to the human experience offers significant insight, it can miss contextual data due to ignoring the environment of the experience itself. The complexity […]
Continuing with this series of articles introducing cost estimating with @RISK, we will compare the use of the most popular distributions of this technique: the Triangular and the PERT. We know that cost estimation is one of the most critical parts of project management. In addition, we know that three-point estimation – with PERT or […]
Manage uncertainty in project schedules like never before with Monte Carlo simulation. Perform risk analysis on Primavera P6 or Microsoft Project models in the @RISK for Excel environment. Answer questions like “Will this project finish on time?” or “Will we be within budget?”.
