Acumen uses a Monte Carlo simulation of risk. This involves the use of a random number generator for values between your defined ranges and is the most common approach to schedule risks assessment.
For each risk, you provide a likelihood (probability) range and cost/schedule impact ranges. When you run risk analysis, you set the number of simulations, for example, 1,000. For each simulation, Acumen generates a random value within your ranges and use those values for the simulation.
Deltek recommends that you run thousands of simulations after your model is set up. The more simulations you run, the more values tested and Acumen can produce a statistically good result.
It is designed to work with data in your existing scheduling tool so there is no need to export the data before the analysis can be performed.
