PMI Exam PMI-RMP Topic 5 Question 64 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 64
Topic #: 5

A risk manager has to Inform a project sponsor of the expected duration of an entire project. The project has three main tasks, each with different probabilities of duration. Which analytical tool should the risk manager use?

AMonte Carlo simulation

BDecision tree analysis

CIshikawa diagram

DProbability tree diagram

Show Suggested Answer

Suggested Answer: A

by Thaddeus at Jan 04, 2023, 06:24 PM

Limited Time Offer

25%

Off

Get Premium PMI-RMP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Xenia

1 months ago

I bet the risk manager is just hoping the project sponsor doesn't ask too many questions. Monte Carlo is the way to go, though!

upvoted 0 times

...

Karl

1 months ago

Probability tree diagram? Sounds like someone's been reading too many textbooks. Monte Carlo is the practical choice for this scenario.

upvoted 0 times

Bette

14 days ago

I've used Monte Carlo simulation before, it's really effective for analyzing project durations.

upvoted 0 times

...

Rosenda

25 days ago

I agree, it's the most practical tool to use in this situation.

upvoted 0 times

...

Romana

29 days ago

Monte Carlo simulation is definitely the way to go for this project.

upvoted 0 times

...

Rebeca

2 months ago

Haha, an Ishikawa diagram? That's for cause-and-effect analysis, not project risk management. Seems like someone's trying to throw us off the trail!

upvoted 0 times

Franchesca

5 days ago

A: Definitely, it's a more appropriate tool for project risk management than an Ishikawa diagram.

upvoted 0 times

...

Virgie

12 days ago

B: Yeah, that makes sense. It can help account for the different probabilities of duration for each task.

upvoted 0 times

...

Shenika

1 months ago

A: I think the risk manager should use Monte Carlo simulation.

upvoted 0 times

...

Jina

2 months ago

Decision tree analysis could work too, but that's more for branching outcomes, not estimating project duration.

upvoted 0 times

Vanesa

1 days ago

A: I think the risk manager should use Monte Carlo simulation.

upvoted 0 times

...

Meghann

5 days ago

D: Yeah, I think Monte Carlo simulation takes into account the different probabilities of duration for each task in the project.

upvoted 0 times

...

Andra

8 days ago

C: Decision tree analysis could work too, but it's more for branching outcomes, not estimating project duration.

upvoted 0 times

...

Gennie

15 days ago

B: I agree, Monte Carlo simulation would be the best analytical tool for estimating project duration.

upvoted 0 times

...

Kristeen

1 months ago

A: I think the risk manager should use Monte Carlo simulation.

upvoted 0 times

...

Cristy

2 months ago

Monte Carlo simulation is definitely the way to go here. It's the only tool that can handle the different probabilities and durations of the project tasks.

upvoted 0 times

...