This problem as presented is based on a single dominant chain. While it looks like both methods can give the same result it is not necessarily valid for the common case where more than a single chain occurs. In order to avoid the Flaw of Averages and falling into the Merge Bias issue it is better to use Monte Carlo methods.
Member for
21 years 8 monthsThis problem as presented is
This problem as presented is based on a single dominant chain. While it looks like both methods can give the same result it is not necessarily valid for the common case where more than a single chain occurs. In order to avoid the Flaw of Averages and falling into the Merge Bias issue it is better to use Monte Carlo methods.
Member for
7 yearsDear Shailesh Wagh,For simple
Dear Shailesh Wagh,
For simple and clear understanding of Project Risk Management in 20 minutes, please may view the YouTube video given in the below link
https://youtu.be/1MjY-mchvZY
Regards,
R. Jagadeesan