Simulation models allow the planner to:

Question

Quizplus · Accepted Answer

Simulation models can help to deal with the uncertainty in forecasting outcomes by testing possible changes in each variable. By doing this, simulation models allow the planner to consider multiple scenarios and their probable outcomes, rather than relying on a single estimate or forecast. This can help to identify and mitigate risks, and to make more informed decisions about project planning and resource allocation. Additionally, by reducing the standard deviations of projects, simulation models can also help to improve the accuracy and reliability of project estimates and forecasts.

Simulation Models Allow the Planner To