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PMI-RMP Exam - Topic 4 Question 10 Discussion

Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?
D) Monte Carlo Analysis
A) Quantitative analysis
B) Qualitative analysis
C) Risk distribution

PMI-RMP Exam - Topic 4 Question 10 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 10
Topic #: 4
[All PMI-RMP Questions]

Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?

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Suggested Answer: D

by Kattie at May 08, 2022, 08:48 AM

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Terrilyn
10 months ago
Pessimistic and worst-case? Classic Monte Carlo!
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Carin
11 months ago
Wait, are we sure it's Monte Carlo? Seems too specific.
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Delisa
11 months ago
I thought it was just quantitative analysis?
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Thaddeus
11 months ago
Definitely not qualitative analysis.
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Shalon
11 months ago
Sounds like Monte Carlo Analysis to me!
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Kris
11 months ago
I think it's definitely Monte Carlo Analysis. We practiced a similar question where random scenarios were used to assess risks.
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Whitney
11 months ago
I'm not entirely sure, but I feel like this could also be considered quantitative analysis since it deals with numerical data and predictions.
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Kimberlie
11 months ago
I remember studying different types of analysis, and I think Monte Carlo Analysis fits because it involves random sampling for cost estimates.
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Timmy
11 months ago
I’m a bit confused. Could it be risk distribution? I remember that term, but it doesn’t seem to match the description as well as Monte Carlo does.
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Mitsue
12 months ago
This is a tricky one. The options cover a range of governance types, but I'm not entirely sure which one is the best fit for the specific question about enterprise architecture management. I'll have to make an educated guess on this one.
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Noel
12 months ago
Okay, let's see. We have 8 hours total, and we need 3 hours to be billable and 5 hours to be nonbillable. So I think the right answer is to split the item.
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Tennie
12 months ago
Hmm, I'm not sure about this one. I'll need to review my notes on private security powers to make an informed guess.
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