What technique will you use with this simulation?

You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

Question:

What technique will you use with this simulation?

Options:

Pareto modeling

Expected Monetary Value

Analogous modeling

Monte Carlo Technique

Correct Answer

The Correct Answer for this Question is

Monte Carlo Technique

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