Question: Monte Carlo analysis can best be described as: a. A deterministic scheduling method. b. A probabilistic scheduling simulation method. c. A probabilistic cost management technique.

Monte Carlo analysis can best be described as:

a. A deterministic scheduling method.

b. A probabilistic scheduling simulation method.

c. A probabilistic cost management technique.

d. A risk identification technique.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Construction Project Management Questions!