In a network Diagram, (Late Start - Early Start) is not equal to (Late Finish - Early Finish). Select one: O True O False Mathew is a Project Manager for software migration at a bank. A major risk that has been identified is attrition of resources. As a strategy to respond to this risk, Mathew, with support from Senior Management, provides good increments to his team members. What type of risk response is Mathew following? Select one: O a. Avoid O b. Mitigate O c. Accept O d. Transfer Nick is managing a project for the construction of a community building for an NGO firm. The project is being carried out at a place which is prone to unexpected risks. During risk planning, the team was not able to find an effective way to mitigate or insure the risk, and the uncertainty cannot be outsourced. What would be the BEST solution? Select one: O a. Transter O b. Accept O c. Collaborate O d. Exploit You are going to require certain raw material from another supplier for your project. However, based on your recent interactions with the manufacturers of that raw material and market trends, you learn that the prices of the raw material are soon going to go down. You adjust your project schedule in such a way that you will require to procure the raw material only after the prices go down. Which Risk Management Strategy you have used? Select one: O a. Exploit O b. Enhance O c. Avoid O d. Mitigate

Your organization has recently won a project to develop a new product. However, the exact process to build some of the components is not clear to your team. You decide to build a prototype of the specific components first in order to decide the final process. Which of the following Risk Response strategies best describes your decision? Select one: O a. Exploit O b. Transfer O c. Avoid d. Mitigate