project management Custom Essay

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For your entire project, only one phase of your project, or just one of the tasks in your project, use CB to simulate its cost uncertainty. In this exercise, you will use a normal distribution, with a reasonable mean and standard deviation, for representing your cost components. Paste the results of your simulation (frequency chart and statistics) into the Risk Management Plan of your project report and interpret these results. An example is provided in the Crystal Ball Conference of the course.

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