Homework: Project Management
1. Identify advantages and disadvantages of Monte Carlo simulation. Also, define Monte Carlo simulation. Use at least 75 words to answer this essay.
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. Use at least 75 words to answer this essay.
3. Identify what three time management processes need to be accomplished even if you use scheduling software and explain why. Use at least 75 words to answer this essay.
4. Describe the five factors that may limit how fast a project can be completed. Give an example of each. Use at least 75 words to answer this essay.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.