In my summary of Monte Carlo Simulators (May 2015), I said that they were good because they grant the use of ranges and allow you to see how changing the inputs affects the project; but the biggest problem was that they can take quite a bit of time to set up. Well, Guesstimate has… Read More »Guesstimate
I can hear myself saying it now: “If you count up the number of work items in each column, and keep a record of each item’s start and end date, then you can create a CFD [Cumulative Flow Diagram], control chart and histogram”. Apparently I was wrong. Apparently nearly all… Read More »We’ve been doing it all wrong!
“There are too many variables to take into account … it’s impossible to know what the chance of success is.” When I started my latest venture I knew that there was a possibility that it would fail. I’d spent years working with estimates and trying to forecast timelines, but this had lots… Read More »Monte Carlo simulators
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