{"id":8723,"date":"2024-04-29T13:55:04","date_gmt":"2024-04-29T11:55:04","guid":{"rendered":"https:\/\/www.brenk.com\/?p=8723"},"modified":"2024-04-29T13:55:04","modified_gmt":"2024-04-29T11:55:04","slug":"monte-carlo-based-risk-management-in-complex-projects-improvement-of-decision-making","status":"publish","type":"post","link":"https:\/\/www.brenk.com\/en\/company\/monte-carlo-based-risk-management-in-complex-projects-improvement-of-decision-making\/","title":{"rendered":"Monte-Carlo based risk management in complex projects \u2013 improvement of decision-making"},"content":{"rendered":"<div class=\"pf-content\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8727 size-medium\" src=\"https:\/\/www.brenk.com\/wp-content\/uploads\/2024\/04\/AdobeStock_208821155-300x200.jpeg\" alt=\"M\u00e4nnliche Hand schreibt mathematische Formeln auf unscharfem Hintergrund. Wissenschaft und Algebra Konzept. Doppelbelichtung\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.brenk.com\/wp-content\/uploads\/2024\/04\/AdobeStock_208821155-300x200.jpeg 300w, https:\/\/www.brenk.com\/wp-content\/uploads\/2024\/04\/AdobeStock_208821155-1024x683.jpeg 1024w, https:\/\/www.brenk.com\/wp-content\/uploads\/2024\/04\/AdobeStock_208821155-768x512.jpeg 768w, https:\/\/www.brenk.com\/wp-content\/uploads\/2024\/04\/AdobeStock_208821155-1536x1024.jpeg 1536w, https:\/\/www.brenk.com\/wp-content\/uploads\/2024\/04\/AdobeStock_208821155-2048x1365.jpeg 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Overcoming complex challenges on a technical and non-technical level is now a daily task in many projects. Complex aspects often have to be included in the decision-making process in order to achieve project goals.<\/p>\n<p>Monte-Carlo (MC) based risk management (MC risk management) offers the opportunity to take projects a decisive step forward. It provides to all decision-makers of a project a data-based decision-making methodology, which quantifies project assumptions and related uncertainties and models their effects within the complex interplay of project influences and finally results in a transparent presentation of the project consequences which thus forms the base for an objective decision making.<\/p>\n<p>In our white paper \u201e<a href=\"https:\/\/www.brenk.com\/download\/stilllegung-und-rueckbau-kerntechnischer-anlagen-erfahrungen-und-perspektiven-4-neu-bearbeitete-auflage-2\/?wpdmdl=8735&#038;refresh=662f72a01eb4e1714385568\">Monte-Carlo-Risikomanagement<\/a>\u201c, the methodology of MC risk management is explained using the example of project scheduling and project duration. Here, we discuss the interplay of uncertainties and the increasing non-linearity in real projects and their effect on the project duration, i.e. on the (deadline) critical project path.<\/p>\n<p>We are happy to help you grasp complexity within your projects and develop solutions for your situation!<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Overcoming complex challenges on a technical and non-technical level is now a daily task in many projects. Complex aspects often have to be included in the decision-making process in order &#8230; <\/p>\n","protected":false},"author":8,"featured_media":8728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[59,92],"tags":[],"_links":{"self":[{"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/posts\/8723"}],"collection":[{"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/comments?post=8723"}],"version-history":[{"count":6,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/posts\/8723\/revisions"}],"predecessor-version":[{"id":8741,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/posts\/8723\/revisions\/8741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/media\/8728"}],"wp:attachment":[{"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/media?parent=8723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/categories?post=8723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brenk.com\/en\/wp-json\/wp\/v2\/tags?post=8723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}