| Author: | Elkjaer, M. |
| Title: | Stochastic budget simulation |
| Journal: | International Journal of Project Management
2000 : APR, VOL. 18:2, p. 139-148 |
| Index terms: | PROJECT MANAGEMENT BUDGET SIMULATION |
| Language: | eng |
| Abstract: | The purpose of this paper is to present a new method for cost estimation. The innovative idea is to combine the conventional calculation method stochastic simulation with basic facets of the successive principle. The purpose of this is to avoid the assessment of dependencies between cost items in the budget. The method is named Stochastic Budget Simulation (SBS), and it is made operational with a software application. |
SCIMA