On method of managing the uncertainty is to perform what on the data involved in our managerial decisions?
A)Simulation
B)Probability analysis
C)Critical path analysis
D)Risk analysis

Question

Quizplus · Accepted Answer

Risk analysis is the best method for managing uncertainty as it involves identifying potential risks and their likelihood, assessing their potential impact on the decision, and developing strategies to mitigate or manage the risks. Simulation, probability analysis, and critical path analysis can also be helpful in decision-making, but they do not specifically address the uncertainty and potential risks involved.

On Method of Managing the Uncertainty Is to Perform What