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PMI-PBA - Decision Modeling and Analysis - Monte Carlo Simulation
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In a Monte Carlo simulation for project risk analysis, what does it mean when the output distribution shows significant positive skewness?
a.
The simulation model requires additional iterations to achieve more balanced results in the analysis phase
b.
The project is more likely to experience cost or schedule overruns than underruns
c.
The project has an equal probability of experiencing both cost overruns and cost savings across all scenarios
d.
The input variables need to be adjusted to reflect more symmetric probability distributions for accurate results
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