Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 17, 2024

A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What

A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work. What is the project manager performing in this situation? Risk transfer Risk mitigation Risk avoidance Risk acceptance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Management

Understanding Management

Authors: Richard L. Daft, Dorothy Marcic

5th Edition

1111580243, 1111580247, 978-0324405712

More Books

Students also viewed these General Management questions

Question

★★★★★

Figure P11.93 shown on the following page, shows a cross flow or Banki turbine [Ref. 55], which resembles a squirrel cage with slotted curved blades. The flow enters at about 2 oclock, passes through...

Answered: 1 week ago

Question

★★★★★

Corporate strategy sets the direction for an entire organization; business strategy sets the direction for a large business unit or product division; functional strategy sets the direction within...

Answered: 1 week ago

Question

★★★★★

3. Move close to a student who must be disciplined and speak so that only the student can hear.

Answered: 1 week ago

Question

★★★★★

For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.) A. To record receipt of...

Answered: 1 week ago

Question

★★★★★

Jason Bradley has been paying on his 10-year mortgage loan and is excited to be making the final monthly payment. The loan was for $128,000 at 5.8%. What will be the amount of his final payment

Answered: 1 week ago

Question

★★★★★

PROFESSIONAL SUMMARY: 7+ years of experience in developing and implementing Web applications using .NET and Microsoft Technologies including C#, Net Core, .Net Framework, WCF, XML, Microservices and...

Answered: 1 week ago

Question

★★★★★

1)The ownership of the shares is determined on the date of declaration. 2)When an operation is discontinued, the disposal is reported in two parts; the profit (loss) from present operations and the...

Answered: 1 week ago

Question

★★★★★

Assessment Task: Prepare a report on diversity management Suppose you are working as a manager in 'Food Fun' restaurant where number of employees are working, belonging to different backgrounds and...

Answered: 1 week ago

Question

★★★★★

Management & Leadership : managerial process, empirical, human behaviors (Maslow's hierarchy and McGregor's X & Y theories), social school, quantitative, systems, contingency, trait, power &...

Answered: 1 week ago

Question

★★★★★

one busy afternoon, Kit, a barista, received a call from a customer. The customer complained that his drink had a hard, round, white piece of plastic. The customer was mad because he had almost...

Answered: 1 week ago

Question

★★★★★

Describe the significance of the following inputs, activities, and outputs to the Architecture Definition Process. Refer to the reading material to provide an educated response. Quote or cite sources...

Answered: 1 week ago

Question

★★★★★

Identify the central norms and values you feel characterize the culture in the organization. These factors should be the core values or beliefs that in the experience characterize the way the culture...

Answered: 1 week ago

Question

★★★★★

When members of a philanthropic organization send out a fundraising letter, they get a return from about 7% of the people on their mailing list. They simulated 1000 mailings for samples of size n...

Answered: 1 week ago

Question

★★★★★

2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

Answered: 1 week ago

Question

★★★★★

5. What does it mean when we say the evaluation comes before the presenta-tion?.

Answered: 1 week ago

Previous Question Next Question