CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the CAPM Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does modeling and simulation typically use?

Feedback loops
Monte Carlo technique
Linear regression
Analytical models

The correct answer is: Monte Carlo technique

Modeling and simulation typically use the Monte Carlo technique to analyze and understand the impact of risk and uncertainty in project management. The Monte Carlo technique is useful for generating random variables to calculate the probability of different project outcomes. This method allows for a more comprehensive analysis of potential project scenarios and assists in making informed decisions based on the range of possible outcomes. Feedback loops, linear regression, and analytical models are also tools used in project management, but they are not as commonly associated with modeling and simulation techniques as the Monte Carlo method.