Probabilistic Calendars

Instructions:

It is important to understand the significance of other risk data such as correlation, probabilistic branching, and probabilistic calendars.

  • Discuss in 250 words the importance of correlation, probabilistic branching, and probabilistic calendars and how the aforementioned are useful for project cost risk analysis.
  • Discuss how you would incorporate correlation, probabilistic branching, and probabilistic calendars into your risk analysis.

Please be sure to validate your opinions and ideas with citations and references in APA format.