Monte Carlo Simulation to a Decision Problem Commonly Report Writing - Management Assignment Help

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I will also need a sequence diagramSo there are 2 partsone is the Report which I would need in Wordand the othr is the excel sheet which shows the Montecarlo simulationsbasically the word report will include the answers to the questions asked in the assignment Assessment overview - This assessment requires you to apply encountered in organisations. This assignment assesses the following subject learning objectives: Identify different types of uncertainty in real-life decision settings & applying the appropriate decision-making techniques. Assessment details -  You are about to lead a project in your organisation and have been asked to estimate how long it would take to complete it. Fortunately, your company has done similar projects in the past and has historical data on the minimum, maximum and most likely completion times for a number of tasks that constitute the project. Your task is to: develop a quantitative estimate for the overall completion time for the project based on the Monte Carlo method.write a short report describing the method you used on the simulation (1000 words max, excluding appendices). The report should explain the following in non-technical terms: The rationale behind the method.The assumptions madeThe estimated completion time, framed in probabilistic terms (e.g. there is a 90% chance that the project will finish within X days). Reflection: Are your assumptions reasonable? What can you do if they aren t?Submission details -  There are two deliverables for this assessment: Excel spreadsheet containing your calculations. Report as a pdf or Word document. I have attached examples of the excel sheets to be used along with detailed assessment requirement. 
 

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