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

Monte Carlo analysis usually expresses its results as probability distributions of possible costs.

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 is a modeling technique that computes project costs one time.