There is risk in every project and ignoring it doesn't make it go away.

Risk analysis has the potential of providing key information for project managers in advance so that risk mitigation plans can be developed and implemented. The
experience with risk analysis shows also that developing the data and reviewing the results enables the participants to understand and to manage their project better.

This white paper explains Monte-Carlo simulation for risk analysis of schedules and outlines a three-step risk analysis process that can be applied to every
important project.