Create a media-rich, 10-slide Microsoft ® PowerPoint ® presentation. Include the following: Monte Carlo planning analyses Building and running Monte Carlo models The deterministic risk...

PowerPoint Presentation
Monte Carlo
Monte Carlo planning analyses
Decision making is improved by Monte Carlo planning analyses.
Monte Carlo planning analyses is mathematical technique.
It helps in changing the culture and thinking around planning.
Monte Carlo planning analysis produce the complete probability distribution based on historical data.
Monte Carlo planning analysis helped to change the culture and thinking around planning. When C-level executives asked for a date the VP of Engineering was now able to have intelligent conversations about the confidence level of that date.
Monte Carlo planning generate the full probability distribution based on historical data. In contrast, the standard agile planning approaches generate a straight line average case analysis.
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Need for Monte Carlo planning analyses
customer requirements specification
Estimation of time and resource components
To solve few areas of problem such as customer requirements specification and estimation of time and resource components
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Building and running Monte Carlo models
Examples of Monte Carlo models for agile technologies are
Scrum modelling with excel
Steps for building Monte Carlo model:
Build a model of a scrum process using different excel formulae in that cascade into a final amount of feature points for each simulation row.
Using the feature points, the number of iterations required and using that a date can be...