CIPS L5M8 Exam - Topic 3 Question 10 Discussion

Actual exam question for CIPS's L5M8 exam

Question #: 10
Topic #: 3

[All L5M8 Questions]

In Project Management, when would you use a Monte Carlo Analysis?

Ato set a project timeline

Bto simulate risks

Cto assign a budget

Dto work out return on investment

Show Suggested Answer

Suggested Answer: B

A Monte Carlo Analysis is a quantitative risk simulation technique. It models uncertainty by running many scenarios to estimate potential outcomes for cost, time, or other risk variables.

by Kristel at Mar 04, 2026, 12:23 PM

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