An overview of the probabilistic risk analysis processes that can be applied to a program. Although it may not appear to be a “simple” overview, this material is the tip of the iceberg of this complex topic.
Just schedule analysis has been addressed in detail here. The cost aspects of forecasting and simulation must be addressed as well to complete the connections between schedule and cost.
Probabilistic cost will be surveyed here, but an in depth review is for a later time.