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Leveraging Monte Carlo Simulation for Project Risk Management: A Study on Pre-Mitigation and Post-Mitigation Techniques in Risk Registers
Open accessAbstract
This article focuses on the utilization of pre-mitigation and post-mitigation techniques in risk registers, employing Monte Carlo simulation, to enhance project risk management. Through a comprehensive literature review and analysis of a software project case study in a telecommunications equipment company, this research aims to quantify the benefits of integrating these techniques as part of their risk management process. The outcomes include quantitative assessments of pre-mitigation and post-mitigation techniques, as well as the identification of best practices and recommendations for their implementation using a business analytics tool based on Monte Carlo simulation. This research holds significance for project managers and organizations seeking to improve objectively risk management practices, ultimately leading to more successful project outcomes based on a probabilistic mindset.
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Cited by 2
Metadata
- Authors
- Armijos De La Cruz, B. A., Castro Esparza, J. R., Leoro Benitez, J. F., & Armijos De La Cruz, W. Y.
- ORCID
- Venue
- Ciencia Latina Revista Científica Multidisciplinar
- Published
- 2025-10-22
- Volume
- 9
- Issue
- 5
- Pages
- 6975-6992
- ISSN
- 2707-2207 (ISSN-L)
- 2707-2215
- OpenAlex
- W4415526991
- Cited by
- 2
- References
- 0
- Citations by year
- 2026: 2
- FWCI
- 1.05
- Type
- journal article
- Language
- en
- Open access
- diamond
- doi.org
- Locations
- Ciencia Latina Revista Científica Multidisciplinar (publishedVersion, cc-by)
- Dialnet (Universidad de la Rioja) (submittedVersion)
- Topics
- Social Sciences › Decision Sciences › Management Science and Operations Research › Construction Project Management and Performance
- Social Sciences › Economics, Econometrics and Finance › Finance › Capital Investment and Risk Analysis
- Physical Sciences › Computer Science › Information Systems › Software Engineering Techniques and Practices
- Keywords
- project risk management, Monte Carlo simulation, risk register, risk mitigation, software development projects, telecommunications equipment, probabilistic risk assessment, business analytics tools
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- CoChat. (2026). Citation check: Leveraging Monte Carlo Simulation for Project Risk Management: A Study on Pre-Mitigation and Post-Mitigation Techniques in Risk Registers. https://app.cochat.ai/papers/10.37811/cl_rcm.v9i5.20089
- The paper
- Armijos De La Cruz, B. A., Castro Esparza, J. R., Leoro Benitez, J. F., & Armijos De La Cruz, W. Y. (2025). Leveraging Monte Carlo Simulation for Project Risk Management: A Study on Pre-Mitigation and Post-Mitigation Techniques in Risk Registers. Ciencia Latina Revista Científica Multidisciplinar. https://doi.org/10.37811/cl_rcm.v9i5.20089
