-
Course
- Core Tech
Monte Carlo Simulation Fundamentals
In this course you will learn to use Monte Carlo simulations to better your decision making when dealing with uncertainty.
What you'll learn
Do you need to make a difficult decision about some uncertain future outcome? Maybe you need to estimate a project cost or schedule, or create a forecast for when your agile-developed software product can be delivered to customers. In this course, Monte Carlo Simulation Fundamentals, you’ll learn how to model these and other uncertainties using a Monte Carlo simulation model in Microsoft Excel. First, you’ll learn why you’ll want to use Monte Carlo simulation to solve estimation problems. Then, you’ll learn how to create a Monte Carlo simulation from scratch, and how to use pre-built Monte Carlo simulation models. Finally, you’ll discover some more complicated problems that commercial Monte Carlo simulation products can solve. By the end of this course, you’ll know what a Monte Carlo simulation is, why it’s used, and how to create your own Monte Carlo simulation using the built-in functions inside Microsoft Excel.
About the author
William is an experienced Scrum Master, agilist, and project manager who creates positive transformations through training, coaching, and mentoring software development teams.
More Courses by William