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NEW QUESTION: 1
Most statistical simula-tions of budgets, schedules, and resource allocations use which one of the following approaches?
A. Decision-tree analysis
B. Monte Carlo analysis
C. Present value analysis
D. PERT
Answer: B
Explanation:
Simula-tions are typically performed using Monte Carlo in which a project model is computed many times with the input values chosen at random for each iteration from the probability distribution of these variables. Monte Carlo analysis supports various statistical distributions (normal, triangular, beta, uniform, etc.) used in estimating budgets, schedules, and resource allocations. [Planning] Frame 2002, 89 PMI@, PMBOK@ Guide, 2013, 340

NEW QUESTION: 2
Which of the following are inputs of the Monitor and Control project work process?
A. Project document updates
B. Enterprise environmental factor
C. Performance report
D. Project management plan
Answer: B,C,D
Explanation:
Explanation/Reference:
Explanation:
Answer options C, D, and A are correct.
The Monitor and Control project work process is used to track, evaluate, and control the progress to arrange the performance objectives described in the project management plan. The inputs and outputs of the Monitor and Control project work process are as follows:
Inputs

Project management plan
Performance report
Enterprise environmental factor
Organizational process assets
Outputs

Change requests
Project management plan updates
Project document updates
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Procurement and Project Integration Objective: Monitoring Your Projects Progress

NEW QUESTION: 3

A. Option C
B. Option D
C. Option A
D. Option B
E. Option E
Answer: D,E