Fig. 8: Monte Carlo simulation results with “MCSimulRisk”. | Humanities and Social Sciences Communications

Fig. 8: Monte Carlo simulation results with “MCSimulRisk”.

From: Beyond probability-impact matrices in project risk management: A quantitative methodology for risk prioritisation

Fig. 8

The first column corresponds to the risks identified. Columns Duration_with_Ri and Cost_with_Ri represent the simulation values, including the corresponding risk. Columns Difference_Duration_with_Ri and Difference_Cost_with_Ri represent the difference in duration and cost of each simulation concerning the value obtained for the chosen percentile. Finally, Ranking_Dur and Ranking_Cost represent the prioritisation of risks in duration and cost, respectively.

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