(Answered) Quantitative risk analysis please respond to the

Management Studies

Quantitative Risk Analysis" Please respond to the following:

Review the Monte Carlo Analysis method of the Hillson and Simon text. Then, determine whether or not you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.

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