In Project Management, when would you use aMonte Carlo Analysis?
A.
to set a project timeline
B.
to simulate risks
C.
to assign a budget
D.
to work out return on investment
The Answer Is:
B
This question includes an explanation.
Explanation:
AMonte Carlo Analysisis a quantitativerisk simulationtechnique. It models uncertainty by running many scenarios to estimate potential outcomes for cost, time, or other risk variables.
[Reference:CIPS L5M8 Study Guide, pp.208–209., ]
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