Missile Milestones undergo Monte Carlo Simulation—Making for a More Accurate Schedule – Palisade
Missile Milestones undergo Monte Carlo Simulation—Making for a More Accurate Schedule – Palisade
5 PagesCustomers & Industries: ProjectPMO Industry: Aerospace Product(s): @RISK Application: Schedule and Cost Risk, Project Management Summary Jim Aksel, Principal at ProjectPMO in Anaheim, California, has consulted for several major aerospace companies in project and schedule management. In this case study, he discusses how he helped a major aerospace company deal with schedule risk analysis for the development of defensive missiles. Their end-buyer, the US Navy, required the company to use a more quantitative and rigorous method for evaluating the credibility of their Schedule Model and to use the model as a predictive tool in program management. Thanks to using @RISKin conjunction with Microsoft Project, Aksel was able to provide the company a rock- solid model proving that their schedule est
