All of the following statements are true regarding simulation and Monte Carlo analysis EXCEPT:
A. For cost risk analysis, a simulation can use the project WBS or cost breakdown structure as its model
B. For schedule risk analysis, a simulation can use the PDM schedule as its model
C. Simulation is a tool technique of qualitative risk analysis
D. Modeling and simulation are recommended for use in cost and risk analysis because they are more powerful and less subject to misuse than EMV analysis
E. Simulation is a technique that computes the project cost or schedule over multiple iterations using random values selected from distributions of possible costs or duration values
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