“Quantitative Risk Analysis” Please respond to the following:

  • Review the Monte Carlo Analysis method presented in Chapter 15 of  the Hillson and Simon text. Then, determine whether or not you would  recommend to a project manager the use of this methodology for a large,  complex project. Include an example to support your response. If you  would not recommend the use of a method such as Monte Carlo, explain  what you would recommend as an alternative tool that would allow the  project manager to make informed decisions. Provide a rationale for your  recommendation.

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