Acta Universitatis Danubius. Œconomica, Vol 5, No 1 (2009)

Abstract

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