PMP Exam Simulator
4h 0m 0s
Accelerate Mock Exam
Display correct answer
PMP exam lasts 4h and has 200 questions
Use acceleration to have extra 30m in reserve on exam
The project team is performing a quantitative risk analysis using Monte Carlo simulator. All of the following statements about Monte Carlo analysis are true EXCEPT:
Monte Carlo analysis is a modeling technique that computes project costs one time.
Monte Carlo analysis translates the uncertainties specified at a detailed level into their potential impact on project objectives at the level of the whole project.
Monte Carlo analysis usually expresses its results as probability distributions of possible costs.
Monte Carlo analysis involves determining the impact of the identified risks by running simulations to identify the range of possible outcomes for a number of scenarios.