PMI-RMP Certification Training - Latin Hypercube Stratified Sampling

PMI-RMP Certification Training - Latin Hypercube Stratified Sampling

Assessment

Interactive Video

Information Technology (IT), Architecture, Mathematics

University

Hard

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The video tutorial explains the differences between Monte Carlo and Latin Hypercube methods, highlighting how Latin Hypercube achieves similar results with fewer iterations by using intervals. It then outlines guidelines for conducting quantitative risk analysis, including reviewing management plans, using historical data, and performing sensitivity analysis. The tutorial concludes with instructions on updating risk analysis reports and project documents, emphasizing the importance of tracking project risks and responses.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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