Which one of the following statements is correct concerning sensitivity analysis?
A) It ignores interrelationships between variables.
B) Several variables are allowed to change concurrently.
C) It considers all feasible variable combinations.
D) It can guarantee a project's success.

Question

Quizplus · Accepted Answer

Sensitivity analysis only considers the impact of changes in one variable at a time and does not take into account the interrelationships between variables. Therefore, option A is the correct statement. Option B and C are incorrect because sensitivity analysis only allows one variable to change at a time, and it does not consider all feasible variable combinations. Option D is also incorrect because sensitivity analysis cannot guarantee a project's success, as it only provides insight into the potential impact of changes in variables.

Which One of the Following Statements Is Correct Concerning Sensitivity