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Identify advantages and disadvantages of monte carlo

1. Identify what three time management processes need to be accomplished even if you use scheduling software and explain why.

2. List at least four potential problems in creating accurate duration estimates for activities. Describe at least two methods for dealing with each potential problem.
3. identify advantages and disadvantages of Monte Carlo simulation. Also, define Monte Carlo simulation.

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Operation Management: Identify advantages and disadvantages of monte carlo

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