SIMULATION IN PROJECT RISK MANAGEMENT

Authors

  • Mukhanova G. S. PhD, Kazakh National Research Technical University after K.Satpayev
  • Tymbayeva Zh. M. PhD, Kazakh National Research Technical University after K.Satpayev

Keywords:

Project risk assessment, Monte-Carlo method, simulation modeling

Abstract

The article describes the Monte-Carlo simulation method for project risk management. The method includes a sensitivity analysis and simulation experiments. The simulation of parameters is performed with the MS Excel software and “EVA - risk analysis” software application on a sample investment project for an office building construction.

References

Gazeev M.H. Indicators of the investments effectiveness in the market conditions. M., Economics, 2006. 125 p.

Tarasov I.V., Kotljarova E.N. Risk management of the investment project. Professional Magazine, 04 (65), April 2009. http://www.em.ru/er/2009-04/23714/ 05.11.2015.

Douglas W. Hubbard. How to measure anything. Assessment of intangible business. Trans. Pestereva E.M., Olymp-Business, 2009 - 298 p.

Mukhanova G., Tymbayeva Zh. Risk assessment in project management.//Project management development: practice and aspects. Materials of International Project Manager’s Congress. –Astana, 2015. P. 89-94.

World Science

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Published

2016-03-25

Issue

Vol. 3 No. 3(7) (2016): World Science

Section

Management and Marketing

License

All articles are published in open-access and licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0). Hence, authors retain copyright to the content of the articles.
CC BY 4.0 License allows content to be copied, adapted, displayed, distributed, re-published or otherwise re-used for any purpose including for adaptation and commercial use provided the content is attributed.

How to Cite

SIMULATION IN PROJECT RISK MANAGEMENT. (2016). World Science, 3(3(7), 74-78. https://rspublisher.org/index.php/ws/article/view/1073