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w 2-2 hree-point estimates (moment of methods) and Monte Carlo simulation both can be used for determining project risk contingency reserves with varying levels of

w 2-2

hree-point estimates (moment of methods) and Monte Carlo simulation both can be used for determining project risk contingency reserves with varying levels of accuracy.

  • Compare and contrast the moment of methods approach with Monte Carlo simulation.
  • Explain how each might be used on projects of varying size and scope.
  • please add reference

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