Tag: Monte Carlo

The Best Estimating Technique

The Best Estimating Technique

When you think of estimating and planning techniques, what method do you think of first?  Do you use a parametric technique, Monte Carlo simulation, or something else?  I was over at the Implementing Scrum website and found an awesome post, asking this same question.  If you think people get crazy whether or not you should utilize an Agile…

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The Story of Monte Carlo

The Story of Monte Carlo

Once upon a weekday meeting, I had a story to tell.  It was the tale of a project manager, who’s name really rings a bell. He quantified the total project cost, he didn’t miss a dime. He also computed the schedule, he was always aware of the time. He used all these input values, with…

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