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#ALIShorts Monte Carlo Simulation

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Manage episode 374661609 series 3343129
Innhold levert av Agile-Lean Ireland. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Agile-Lean Ireland eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

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Join us in this episode as we dive deep into the world of project management and explore the intricate art of making precise project predictions. Work estimation has always been a challenge, but we've got a powerful tool in our arsenal - the Monte Carlo simulation.

Discover how this mathematical technique, grounded in historical data and random simulations, can revolutionize the way you forecast project outcomes. We'll explore its applications in Lean and Agile project management, where certainty and throughput are paramount.

We'll answer two fundamental questions:

  1. How many tasks can you realistically complete within a specific timeframe?
  2. When can you expect to finish a predetermined number of work items?

Learn how to harness the Monte Carlo simulation's capabilities to boost your project management skills and achieve continuous improvement. Say goodbye to guesswork and hello to data-driven predictions. Don't miss this insightful episode!

Find us here: www.agileleanireland.org

  continue reading

51 episoder

Artwork
iconDel
 
Manage episode 374661609 series 3343129
Innhold levert av Agile-Lean Ireland. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Agile-Lean Ireland eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Send us a text

Join us in this episode as we dive deep into the world of project management and explore the intricate art of making precise project predictions. Work estimation has always been a challenge, but we've got a powerful tool in our arsenal - the Monte Carlo simulation.

Discover how this mathematical technique, grounded in historical data and random simulations, can revolutionize the way you forecast project outcomes. We'll explore its applications in Lean and Agile project management, where certainty and throughput are paramount.

We'll answer two fundamental questions:

  1. How many tasks can you realistically complete within a specific timeframe?
  2. When can you expect to finish a predetermined number of work items?

Learn how to harness the Monte Carlo simulation's capabilities to boost your project management skills and achieve continuous improvement. Say goodbye to guesswork and hello to data-driven predictions. Don't miss this insightful episode!

Find us here: www.agileleanireland.org

  continue reading

51 episoder

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