The project manager wants to use an objective method to evaluate the key project risks and develop response plans.
What action should the risk manager propose?
A . Ask the team to perform an earned value analysis.
B. Review the lessons learned from other projects.
C. Ask the team to prepare a Monte Carlo analysis.
D. Ask the risk expert to perform a PESTLE evaluation.
The action that the risk manager should propose is to ask the team to prepare a Monte Carlo analysis. This is a statistical technique that can be used to model the probability of different outcomes in a project. By performing a Monte Carlo analysis, the project manager can objectively evaluate key project risks and develop response plans based on this analysis.
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