Simulation models are useful:
I. To understand the project better II) To forecast expected cash flows
III. To assess the project risk
A) I only
B) II only
C) III only
D) I, II and III

Question

Quizplus · Accepted Answer

Simulation models are useful for understanding the project better, forecasting expected cash flows, and assessing project risk. By creating a simulated environment, project managers can test various scenarios and determine the likelihood of success or failure. This information can help them make better decisions and allocate resources more efficiently. Therefore, all three options (I, II, and III) are correct.

Simulation Models Are Useful