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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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