PgMP Practice Question

Decision tree analysis is the most suitable method as it allows the program manager to map out decision points, potential outcomes, associated probabilities of risks, and financial values for each path, ultimately calculating an Expected Monetary Value (EMV) for each option. A SWOT analysis is a qualitative tool and does not provide the quantitative financial evaluation required. Monte Carlo simulation is used to model the range of possible outcomes for a plan but is less effective for comparing distinct strategic choices with branching paths. A Benefits Realization Plan is a strategic document for tracking benefits, not an analytical tool for deciding between competing solutions based on risk-adjusted value.