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The application uses Monte Carlo simulation to calculate a project's budget
Project Budget
by Konstantinos Ladiellis
What is it about?
The application uses Monte Carlo simulation to calculate a project's budget. The project is decomposed in smaller tasks. It is assumed that for each such task the triangular cost probability distribution is known and its parameters are hence entered. However no reason to panic, triangular distribution is the mathematical expression of the most simplistic answer to the question how much something is going to cost: it can't cost less than a, it can't cost more than b and most of the time costs c.
App Store Description
The application uses Monte Carlo simulation to calculate a project's budget. The project is decomposed in smaller tasks. It is assumed that for each such task the triangular cost probability distribution is known and its parameters are hence entered. However no reason to panic, triangular distribution is the mathematical expression of the most simplistic answer to the question how much something is going to cost: it can't cost less than a, it can't cost more than b and most of the time costs c.
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AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.
