Your project is considered very risky. You plan to perform numerous what-if scenarios on your schedule using simulation software that will define each schedule activity and calculate a range of possible durations for each activity. The simulation then will use the
collected data from each activity to calculate a distribution curve (or range) for the possible outcomes of the total project.
collected data from each activity to calculate a distribution curve (or range) for the possible outcomes of the total project.
Your planned approach is an example of which following technique?
A. PERT
B. Monte Carlo analysis
C. Linear programming
D. Concurrent engineering