It is important to be able to evaluate risks. There are Cost risk analysis basics that include the Three-Point Estimate, and the Method of Moments. Also, the Monte Carlo Simulation is an important simulation that can be used to evaluate cost risk analysis techniques.
For this assignment, you will be developing a PowerPoint presentation that will provide information about Cost risk analysis. This presentation needs to include information about the three-point estimate, the method of moments, and the Monte Carlo Simulation. Provide an analysis of each technique and how it can be used to help evaluate cost risk analysis.
Develop a PowerPoint presentation using the following criteria:
12 slides (Not including title and references) Include Reference Slide with 4 references.
Discuss the importance of Cost risk analysis, Three-Point Estimate, and the Monte Carlo Simulation.
After you discuss each cost risk analysis discuss how you would use each technique and compare and contrast the methods.