The project values are in thousands. What is the average cost of the project?

The correct answer is A. US$8,614,000. This question references a specific data table (not shown here) that lists cost components or simulation output values in thousands of dollars. The average (mean) cost is calculated by summing all cost values and dividing by the number of data points, or by reading the mean value

Perform Targeted Risk Analysis

Question

Exhibit

Options

AUS$8,614,000
BUS$8,764,000
CUS$8,495,000
DUS$8,619,000

How the community answered

(31 responses)

A
74% (23)
B
13% (4)
C
3% (1)
D
10% (3)

Explanation

This question references a specific data table (not shown here) that lists cost components or simulation output values in thousands of dollars. The average (mean) cost is calculated by summing all cost values and dividing by the number of data points, or by reading the mean value directly from Monte Carlo simulation output. Based on the referenced data, the calculated average cost equals US$8,614 thousand, or US$8,614,000. In Monte Carlo cost simulations, the mean represents the expected cost outcome across all iterations and is a critical figure for contingency planning. The other answer choices represent different statistical outputs (e.g., percentile values or median) that appear close but are not the mean of the dataset provided.

Topics

#Quantitative Risk Analysis#Cost Analysis#Financial Calculation#Data Analysis

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice