skilat.blogg.se

1. Monte carlo simulation tools crystal ball software#
2. Monte carlo simulation tools crystal ball professional#

You have to keep schedules tight, but don’t forget to include an empty task at the end of your schedule this is for you to absorb unforeseen delays that might come up. When something takes 1 month to complete, don’t give yourself or anyone else 2 months- if you give 2 months, it will take 2 months! Luc on the most valuable business lesson he learned the hard way To him, mining projects tend to be quite spectacular, and he is literally down to earth. Through his work, he has been privileged to go to places which not too many people have the chance to visit. Luc is a very visual person – he love to see the results of his work. Luc’s favorite thing about being in the field? This led to the idea of creating a PMO at the enterprise level. This is a process by which funding is requested and approved (or not) for capital projects.Īfter implementing a stage-gate process for project approval, he quickly realized that it’s one thing to approve projects, while it is quite another to execute them successfully. Luc was hired at Barrick back in 2010 to optimize the company’s capital allocation process. Luc sharing his journey to Project Management His career has taken him from mining technological research to business optimization to organizational development, and now to project management. Luc has a Civil and Geological Engineering degree from the University of Louvain in Belgium and a PhD in rock mechanics from the University of Toronto. He started his career with Noranda and Falconbridge, and is now a Senior Director in Barrick’s Enterprise Project Management Office. Luc Vandamme has been in the mining industry for more than 25 years. Show Notes Introduction – Get To Know Luc Vandamme JOIN US FOR HAPPY HOUR!Ĭome by and say “hey!” in our PM Happy Hour FB Page at Not only, that, but you also get a certificate, we’ll upload your PDU’s to PMI, and you get lots of other great benefits – click here for details on becoming a member. Members get unlimited access to take the quizzes for our podcasts. JOIN TODAY, AND GET IMMEDIATE ACCESS TO TAKE THE QUIZ! They aren’t cheap – but then neither is project failure! Here are links to a couple Excel based tools that our host mentioned. And of course he knows Monte Carlo simulations inside and out! Luc has a Civil and Geological Engineering degree from the University of Louvain in Belgium (he is NOT related to Jean-Claude!) and a Ph D in rock mechanics from the university of Toronto. Luc’s career has taken him from mining technology research and development to business optimization, organizational development, and now to project management. Our special guest is Luc Vandamme, who has been in the mining industry for more than 25 years and is now a Senior Director in his organization’s Enterprise Project Management Office. We also discuss photon versus proton torpedoes.

Monte carlo simulation tools crystal ball professional#

In this episode, we demystify this tool, discuss its benefits, when it is appropriate, and why math is our friend J From mining to professional services, contact centers and orbital battle stations, we discuss how Monte Carlo can help you run your business. This tutorial uses the example of an emerging media product to discuss how the analystical tools of Monte Carlo simulation and time-series forecasting can provide a greater understanding and quantification of the risks inherent in a spreadsheet-based business decision.Although touched on in the PMBOK, most of us have little exposure to Monte Carlo analysis – which is a shame! Monte Carlo analysis can add a new level of credibility to our planning when the stakes are high by backing it with real science and statistical models. Spreadsheet add-ins such as Crystal Ball can provide this functionality and help modelers gain new insights into the mechanisms that drive their models and affect positive outcomes. Spreadsheets alone are inadequate for assessing the probability of an event because they lack the ability to generate and analyze alternative scenarios in a sophisticated way. The suite includes analysis tools for Monte Carlo simulation (Crystal Ball), time-series forecasting (CB Predictor), and optimization (OptQuest) as well as developer kits for building custom interfaces and processes.

Monte carlo simulation tools crystal ball software#

Crystal Ball® 2000 Professional Edition is a suite of easy-to-use Microsoft® Excel® add-in software that helps you analyze the risks and uncertainties associated with your spreadsheet models.