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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?
Suggested Answer: D
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12 comments · newest first
TE
Terrilyn
1 year ago
Pessimistic and worst-case? Classic Monte Carlo!
CA
Carin
1 year ago
Wait, are we sure it's Monte Carlo? Seems too specific.
DE
Delisa
1 year ago
I thought it was just quantitative analysis?
TH
Thaddeus
1 year ago
Definitely not qualitative analysis.
SH
Shalon
1 year ago
Sounds like Monte Carlo Analysis to me!
KR
Kris
1 year ago
I think it's definitely Monte Carlo Analysis. We practiced a similar question where random scenarios were used to assess risks.
WH
Whitney
1 year 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.
KI
Kimberlie
1 year ago
I remember studying different types of analysis, and I think Monte Carlo Analysis fits because it involves random sampling for cost estimates.
TI
Timmy
1 year 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.
MI
Mitsue
1 year 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.
NO
Noel
1 year 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.
TE
Tennie
1 year 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.