Search Help:

Glossary

Convergence

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

Legal Notice Privacy Statement Copyright © Intaver Institute Inc., 2002-. All Rights Reserved.