Monte Carlo Simulations A simulation program to help you with your work.
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Monte Carlo Simulations Description

Monte Carlo Simulations is a lightweight software application whose purpose is to help you exploit the Monte Carlo simulation method and make use of a complex algorithm based on PERT (Program Evaluation and Review Technique) in order to estimate the time needed for completing a given project. This open-source program is Java-based so you need to previously install the working environment on your computer before running the utility. Portable running modeYou can open the tool by simply running the EXE file. Uninstalling it means deleting the files that you have grabbed from the Internet. The app can be opened without administrative privileges, as it doesn’t store configuration settings in your system and add Windows registry entries. Additionally, you may copy it on any USB flash drive or other devices and carry it with you. User-friendly layout and importing optionsMonte Carlo Simulations reveals a clean and simple layout that embeds all of its features into a single GUI. You can opt for manually entering the required information for using the Monte Carlo method or import data from MCP file format. Monte Carlo simulationsAs soon as you upload information from an MCP file, the application automatically fills in several fields, such as number of repetitions of the simulation, number of current activities, and an activity chart that includes details about the description, precedence, distributions, parameters and critical path node. You can easily alter the displayed data and check out the results of the computation, more precisely maximum total duration (in days), standard deviation (in days) and spent time (in seconds). The edited file may be exported to MCP file format. Last but not least, you are allowed to add a custom number of activities, remove them and reset all fields with a single click. Bottom lineTo sum it up, Monte Carlo Simulations delivers a straightforward software solution for helping you apply the Monte Carlo method for estimating a project’s time, and is suitable for beginners and professionals alike. Reviewed by Ana Marculescu, last updated on October 31st, 2014

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