Title: “Applying Monte Carlo Simulation in Risk Management: A Case Study of a Construction Company” Case Study: The construction industry is known for its high-risk nature, with projects often facing unforeseen challenges and uncertainties. In order to mitigate these

Conduct research on an applied case study related to this week’s topic: Monte Carlo simulation, focusing on current applications, innovations or how it is being used in organizations. Then participate in the discussion by providing a short write-up in which you present the case study, a brief reflection or context about it, and state why it is relevant to the class. It should come from additional sources other than the book used for this class.