Monte Carlo Simulation of Project Networks Is Not Recommended When

question 15

Multiple Choice

Monte Carlo simulation of project networks is not recommended when ________.

• A) activity times are deterministic
• B) more than one critical path exists
• C) bias in project completion time is important
• D) activity time distributions are Beta

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Definitions:

Indicators

Variables or metrics that are used to measure and evaluate specific processes, changes, or conditions in various contexts.

Constructs

A concept or model meant to help understand the world, often used to group various ideas or phenomena in psychology, sociology, and other social sciences.

Indicator Variables

Variables in statistical analyses that are used to represent subgroups and measure categorical variables, often in the form of 0/1 binary indicators.

Concepts

Abstract ideas or mental symbols that represent phenomena or objects, used to understand and communicate about the world.