PMP Exam Simulator

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Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

Use acceleration to have extra 30m in reserve on exam

Risk Management

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 usually expresses its results as probability distributions of possible costs.

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 involves determining the impact of the identified risks by running simulations to identify the range of possible outcomes for a number of scenarios.