risk
- The concept of standard deviation is important in risk analysis since standard deviation measures an estimate’s variability. Therefore, the _______ the standard deviation of an estimate, the _______ its variability and risk.
- While preparing your risk responses, you realize that you have not planned for know risk events . You need to make adjustments to the project to compensate for unknown risk events . These adjustments are based on your past project experience when unknown
- The total amount of risk that is calculated for a project is found by:
- Bo calls his project team to quantify and assess the risks of their project. The benefits the team will gain from this exercise include all but which of the following?
- The term deflection has a number of meanings, but in terms of pure risk mitigation strategies, deflection is accomplished by:
- The project team finds that the project is likely to be exposed to significant financial risk.What strategy should be used to manage this type of risk?
- What is the most accurate method of obtaining project information that can reduce the amount of risk?
- Lease and rental of equipment for short periods of time to perform specified project work is a common practice The equipment poses ______ unless the contractor (lessor) ______
- Contained within the first step of a five step process to determine the risk analysis of the project’s risk events, a process of ________ is performed to see if the risk should be included or excluded as part of the project scope
- The assigned values of risk for a project is best accomplished through a structured methodology that ensures all project elements are evaluated The project tool that is best suited for the structured analysis of the project risk is the:
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