All of the following statements are true regarding Simulation and Monte Carlo analysis EXCEPT:
The output of simulation is a probability distribution (i.e total
A. costs or completion dates)
Modeling and simulation are recommended for use in cost and
B. risk analysis because they are more powerful and less subject to misuse than EMV analysis
None of the choices are correct
C. For cost risk analysis, a simulation can use the project WBS or
D. cost breakdown structure as its model
Simulation is a technique that computes the project cost or
E. schedule over multiple iterations using random values selected from distributions of possible costs or duration values.
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