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The manager ofCatchDawgis aware that the world is uncertain and that every project carries risks. To understand the risks of the project, he hires a

The manager ofCatchDawgis aware that the world is uncertain and that every project carries risks. To understand the risks of the project, he hires a consultant to do a in-depth analysis that considers several variables, their distributions and their correlations. The output is a estimated NPV distribution. What type of analysis will the consultant conduct? What does the output tell us about the risk of the project? Explain how this type of analysis is different to one other method ofanalysingproject.

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