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A. A cost breakdown structure can be used as an input variable for the cost analysis.
B. Monte Carlo analysis is the preferred method to use to determine the cost risk.
C. Monte Carlo analysis is a modeling technique.
D. A traditional work breakdown structure can be used as an input variable for the cost analysis.
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I agree the option C
Cost risk is the risk that the project costs more than budgeted. It can lead to performance risk if cost overruns lead to reductions in scope or quality. Cost risk can also lead to schedule risk if the schedule is extended because not enough funds are available to complete the project on time.The main technique used for cost analysis of complex projects is based on the Work Breakdown Structure (WBS) which organises project tasks into hierarchical stages or phases.
After reading for selection, the excluded choice is the other choice D
Answer: CExplanation: Monte Carlo analysis is a simulation technique.
