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International Journal of Business Management and Economics and Trade, 2025, 6(1); doi: 10.38007/IJBMET.2025.060121.

The Application of Quantitative Methods in Project Management and Actual Effect Analysis

Author(s)

Linwei Wu

Corresponding Author:
Linwei Wu
Affiliation(s)

Harrisburg University of Science and Technology, Harrisburg, PA 17101, USA

Abstract

In modern project management practice, quantitative methods play an important role in providing data support for the decision-making process, helping to improve management mechanisms, and enhancing the efficiency of project operations. This article summarizes various categories of quantitative techniques, covering mathematical modeling, data analysis, Monte Carlo simulation, etc. It analyzes the specific application scenarios of these techniques in project implementation, such as evaluating the impact of project scope changes on progress, financial budgeting and cost monitoring, risk assessment, and the application of performance quantification tools. Through in-depth analysis of specific cases, this paper explores how quantitative technology can improve the efficiency of project management, reduce risks, and enhance the accuracy of management decisions, confirming its universality and superiority in practical operations.

Keywords

Quantitative methods, Project management; Model evaluation, Risk control, decision support

Cite This Paper

Linwei Wu. The Application of Quantitative Methods in Project Management and Actual Effect Analysis. International Journal of Business Management and Economics and Trade (2025), Vol. 6, Issue 1: 204-212. https://doi.org/10.38007/IJBMET.2025.060121.

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