An easy method of evaluating risk in certain situations by modifying project parameters and evaluating the corresponding changes is __________.
A)Monte Carlo simulations
B)risk mitigation
C)project budgeting
D)risk analysis

Question

Quizplus · Accepted Answer

Monte Carlo simulations involve modifying project parameters and evaluating the corresponding changes to assess risk. Risk mitigation and risk analysis are important components of the risk management process, but they do not involve the specific method of modifying project parameters to evaluate risk. Project budgeting is the process of allocating and managing project resources.

An Easy Method of Evaluating Risk in Certain Situations by Modifying