Common simulation technique used
If, when developing your project schedule, you want to define a distribution of probable results for each schedule activity and use that distribution to calculate another distribution of probable results for the total project, the most common technique to use is—
a. PERT
b. Monte Carlo analysis
c. Linear programming
d. Concurrent engineering
Answer: b. Monte Carlo analysis
Simulation technique
What-if scenarios (simulation) is a tool and technique for developing schedules by which multiple project durations with different sets of activity assumptions are calculated. Monte Carlo analysis is the most commonly used simulation technique. [Planning]