Risk Determination in Projects. The Advantages and Disadvantages of Stochastic Methods

This paper is a comparative study about the principal stochastic methods that is used in Project Management. Risk determination is a mustfor every Project Manager worldwide, but the methods have, of course, advantages and disadvantages. Further, many Project Managers work withdeterministic methods, but they see only the advantages or disadvantages of those methods. In Subject of this paper it is Risk determination inprojects. The advantages and disadvantages of stochastic methods. Choosing the theme of this paper is not randomly, it continues a series of articlespublished for strengthen of scientific research in the Doctorate studies that I followed since 2005.