Project Planning Simulation

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Presentation transcript:

Project Planning Simulation How can it be that mathematics, being after all a product of human thought independent of experience, is so admirably adapted to the objects of reality Albert Einstein

Watch the First Lecture Click Here to Access The First Part of the YouTube Lecture Click Here to Access the Excel Sheet Click Here to Access The Second Part of the YouTube Lecture

Simulation of Project Management Network https://youtu.be/wqjGsLsadOo URV Generation x= a+(b-a)Rand() x= 20+(60-40)Rand()

Central Limit Theorem The distribution of each of the activity was uniform. Summation of them moves towards normal distribution. Given certain conditions, the arithmetic mean of a sufficiently large number of independent random variables, each with a well-defined expected value and well-defined variance, will be approximately normally distributed, regardless of the underlying distribution

Simulation of Project Management Network

Simulation of Project Management Network

Simulation of Project Management Network

Simulation of Project Management Network