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Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.
Joe is running a public transportation system project. He believes there are numerous scenarios that could affect his project's schedule. Some of the scenarios include delays in a major component delivery or a strike by local workers. He wants to see how these scenarios will impact the project schedule. What is the best technique to use in this scenario?
A. Resource Leveling
B. Monte Carlo Analysis
C. Run Charts
D. Tornado Diagram
HINT: This technique is also called What-If Scenario Analysis.
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Answer and Explanation:
The correct answer is B.
Monte Carlo analysis is a form of What-If Scenario Analysis. This technique is used to perform schedule network analysis to compute different scenarios. The outcome of this analysis is used to assess the feasibility of the project schedule. Run charts are used in quality management and Tornado diagrams are used in risk analysis. Resource leveling is used to keep resource usage at constant level.
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