💡 A. Monte Carlo Analysis → Correct Answer. Monte Carlo analysis is a project planning methodology used to assess risk and uncertainty in project schedules and outcomes. It involves running simulations using random variables to estimate the probability of different project completion times, helping to identify schedule risks. B. Project Management Information System (PMIS) → This is a system used for managing project information, including planning, monitoring, and controlling. While it helps in tracking and managing data, it doesn't specifically involve simulations for schedule risk like Monte Carlo analysis. C. Earned Value Management (EVM) → EVM is a method used to assess a project's performance by comparing the planned progress against the actual performance. It focuses on cost and schedule performance but does not specifically involve simulations like Monte Carlo analysis. D. Integrated Project Plan → This is a comprehensive plan that integrates all aspects of project management, including scope, schedule, and cost. However, it does not involve simulations for schedule risk assessment like Monte Carlo analysis.