Question: You are currently performing risk analysis on a large and extremely complex project. Your project team decides that the most comprehensive way to approach the

You are currently performing risk analysis on a large and extremely complex project. Your project team decides that the most comprehensive way to approach the process of risk analysis is to examine all the possible outcomes using an iterative computer simulation process to model a range of variables taken from a probability distribution. What is this technique known as?

A: Sensitivity analysis B: Expected monetary value analysis C: Monte Carlo analysis D: Ishikawa analysis

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 PMP® Exam Practice Test And Study Guide Questions!