Value-at-Risk (VaR) is a well-accepted risk metric in modern quantitative risk management (QRM). The classical Monte Carlo simulation (MCS) approach, denoted henceforth as the classical approach, assumes the independence of loss severity and loss frequency. In practice, this assumption does not...

As the most uncertain and complex project when compared to other types of projects, software development project is highly depend on the result of software project planning phase that helping project managers by predicting the project demands with respect to the budgeting, scheduling, and the...