_____ simulation is a statistical model used on projects, which simulates a possible range of outcomes by trying many different combinations of risks based on their likelihood.
A) Discrete-event
B) Monte Carlo
C) Deterministic modeling
D) Mixed-mode
E) Parallel

Question

Quizplus · Accepted Answer

The description best matches the Monte Carlo simulation, which is commonly used in project management for risk analysis by generating possible outcomes based on a range of probabilities for different risks.

_____ Simulation Is a Statistical Model Used on Projects, Which