project management

Certain business environmental aspects in a project require the use of modeling and simulation tools by the PM to anticipate the likelihood of meeting the project's cost and schedule objectives. PM employs a technique in which the cost estimates for each iteration of the study, such as pessimistic, most likely, and worst-case scenarios, are picked at random. In this project, what kind of analysis is PM employing? Single Choice Quantitative analysis Qualitative analysis Risk distribution Monte Carlo analysis