The process for conducting an SRA typically involves three steps: creating a critical path method (CPM) schedule, gathering risk information such as optimistic and pessimistic durations and probability distributions, and then performing Monte Carlo simulation. The CPM schedule provides the framework for the SRA, while the risk information is used to calculate the probability of completing tasks on time or within budget. Finally, Monte Carlo simulation is used to generate multiple scenarios based on the data gathered in order to identify potential risks.
It's important to note that successful SRA requires good-quality data and accurate estimates of task duration. Additionally, it's essential that project scheduling best practices are followed in order to ensure reliable results.