The third step of a typical Oracle | Primavera Risk (Pertmaster) Monte Carlo analysis is to validate the integrity of the schedule logic. Running test simulations will speed up the process of schedule audit and cleanup. Project managers must validate that the logic is realistic before running the delivering the final reports.
Test simulations allow a project manager or risk analyst to test the network logic without the detailed knowledge a scheduler might have. It also allows planners and schedulers to see what the logic does during a simulation without having to visually trace the logic. Risk analysts will put random levels of uncertainty or three-point-estimates on the schedule in order to test how the network of activities move and the driving activities in the schedule. It is a very simple process and project manager’s without a scheduling background can usually interpret the histogram and tornado chart data more easily than massive chains of predecessors and successors. Experienced schedulers can get great value as thousands of activities are filtered down to much more manageable amounts to trace the root cause of the schedule issue.
What does the histogram highlight?
What does the tornado chart highlight?
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