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Glossary
Convergence
In the process of Monte Carlo
simulations RiskyProject monitors mean and standard deviation of project duration.
RiskyProject then calculates relative different between standard deviations of project duration
in two consecutive simulations. If convergence monitoring it turned on, the simulation will
stop, when this relative
difference is less then predefined value within a
predefined number of simulations. The
same is done for mean. Convergence parameters are
set in Options dialog box, Calculation tab. Convergence allows to minimize
number of simulation and reduce calculation
time, if sufficient amount of information is
collected.
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solutions
