Scheduling project time using Monte Carlo simulation

Each project requires a time of realization, and the beginning of some activities can be independent or dependent on previous activities ending. Scheduling a project means determining the times of realization of the project itself. A project is a temporary effort undertaken to create a unique product, service, or result. The term project management refers to the application of knowledge, skills, tools, and techniques for the purpose of planning, managing, and controlling a project and the activities of which it is composed.

The key figure in this area is the project manager, who has the task and responsibility of coordinating and controlling the various components and actors involved, with the aim of reducing the probability of project failure. The main difficulty in this series of activities is to achieve the objectives set in compliance with constraints such as the scope of the project, time, costs, quality, and resources. In...