Simulation Analysis

Write a short analytical report (3 pages) on how to estimate project risk. In so doing, you define and describe (giving examples):

  1. Sensitivity analysis
  2. Simulation Analysis

Discuss the strengths and shortcomings of these methods and the circumstances under which each can be applied. (Make sure I put ILO for quant in here)

Respond to this question in a short paragraph: Who has more information in the job market: the job seeker or the potential employer?