You are developing the project management plan. Management asks you to provide them with information on the chances of completing the project under different circumstances. The project is important and so management does not want to delay the schedule. You compile the data and use a tool and tell management that there is a 90% chance you can complete the project within the schedule, however, if you are given three weeks of extra time, the chance of completing project rises to 98%. Which of the following statements is true about the tool you have used to come up with this information?

(a) It is a perform qualitative risk analysis process technique

(b) It is a perform quantitative risk analysis process technique

(c) It is a control quality process technique

(d) It is a technique of the determine budget process