PMP Exam Question 2

Aligned with PMBOK 6th EditionĀ®.

The Olympics are coming to your hometown. Excitement builds as transportation systems are upgraded, venues are built and the world watches. It has been decided that meeting the schedule is more important than minimizing cost at this point. Because delay is unacceptable, we decide to use Monte Carlo to simulate the schedule. We most likely will run Monte Carlo simulations on a weekly basis to help us account for uncertainty. Which of the following is used as a model in a schedule risk analysis?

a) Work breakdown structure.

b) Schedule network diagram and duration estimates.

c) Project management plan.

d) Schedule management plan.

1 responses on "PMP Exam Question 2"

  1. PMP Solution 2

    Work Breakdown Structure (WBS) is the process of subdividing project deliverables and project work into smaller, more manageable components.
    When running a Monte Carlo analysis for schedule risk, the schedule network diagram and duration estimates are used. An integrated quantitative cost-schedule risk analysis uses both inputs. The output is a quantitative risk analysis model. Correct answer is b).[PMBOK 6th edition, Page 433] [Project Risk Management].

    Cheers

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