{"id":40168,"date":"2025-10-14T13:55:47","date_gmt":"2025-10-14T13:55:47","guid":{"rendered":"https:\/\/certifeka-edu.com\/programs\/finance-for-strategic-managers-accounting-professional-certificate-2\/lessons\/lesson-2-expert-judgment-2\/"},"modified":"2025-10-14T13:55:47","modified_gmt":"2025-10-14T13:55:47","slug":"lesson-2-expert-judgment-2","status":"publish","type":"lesson","link":"https:\/\/certifeka-edu.com\/ar\/programs\/sample-course\/lessons\/lesson-2-expert-judgment-2\/","title":{"rendered":"Lesson 2: Expert judgment"},"content":{"rendered":"

\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Lesson 2: Understanding Business Risk
\n<\/h2>\n

Expert judgment:
\n<\/h3>\n

It is a technique in the project planning process that refers to making a judgment based on skill, expertise, or specialized knowledge in a particular area.<\/h5>\n
The expertise can be based on an individual’s training or educational background, career experience, or knowledge of the product\/market
Moreover, it also uses modeling and simulation which is an important technique in quantitative risk analysis.<\/h5>\n
A good simulation technique used by project managers is the Monte Carlo analysis, which is calculated using the computer and analyzing different scenarios for the project schedule to identify possible risk events.<\/h5>","protected":false},"comment_status":"open","ping_status":"closed","template":"","class_list":["post-40168","lesson","type-lesson","status-publish","hentry"],"yoast_head":"\nLesson 2: Expert judgment - Certifeka-edu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/certifeka-edu.com\/ar\/programs\/sample-course\/lessons\/lesson-2-expert-judgment-2\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesson 2: Expert judgment - Certifeka-edu\" \/>\n<meta property=\"og:description\" content=\"Lesson 2: Understanding Business Risk Expert judgment: It is a technique in the project planning process that refers to making a judgment based on skill, expertise, or specialized knowledge in a particular area. 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