Udemy - Project Risk Quantification with Monte Carlo Simulation

Project Risk Quantification with Monte Carlo Simulation

https://WebToolTip.com

Published 3/2026
Created by Fernando Hernandez
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Level: All Levels | Genre: eLearning | Language: English | Duration: 56 Lectures ( 3h 14m ) | Size: 2.36 GB

Quantify Project Risk with Monte Carlo Simulation: Costs, Schedules & Mitigation Strategies

What you'll learn
✓ Introduce Monte Carlo simulation for project risk management and uderstand how to manage projects in such a way as to meet their specified costs and schedules
✓ Integrate and understand the true interaction of three fundamental elements: schedules, budget and risks
✓ Understand how to meet the multiple objectives of a project—delivering it on time and within its budget.
✓ Be able to develop an integrated Monte Carlo simulation process understanding its components of probability distribution functions interacting with randomness.

Requirements
● Basic familiarity with Microsoft Excel (opening files, entering data, and using simple formulas)
● A general understanding of what a project is — including tasks, timelines, and budgets — from any industry
● No prior knowledge of statistics, probability, or Monte Carlo simulation required
● No programming or coding skills needed
● A computer with Microsoft Excel installed (Windows recommended for full iziRisk Quantum functionality)
● Access to the iziRisk Quantum file provided in the course (student version included at no extra cost)
● An open mind and willingness to replace gut-feel risk management with data-driven decision making