Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Increasing the probability and / or the impact of a risk event to an acceptable threshold is an example of which response strategy? a .

Increasing the probability and/or the impact of a risk event to an acceptable threshold is an example of which response strategy?
a. Exploit
b. Enhance
c. Mitigate
d. Accept
What elements are used to develop the project baseline?
a.
b.
c.
Which statement is NOT TRUE regarding the monitoring cycle?
a. Obtain status information
b. Compare planned versus actual
c. Determine magnitude of the variance
d. Take action to correct all schedule issues
What are four areas that the project manager and should be monitoring?
a.
b.
c.
d.
Given the following status data, EV - $1100,PV=$1000,AC=$1050, what is the status of the project at this point in time?
a. On budget, On schedule
b. Over budget, ahead of schedule
c. Under budget, ahead of schedule
d. Over budget, behind schedule
Given an SPI of .93, what is the level of performance for this project?
a. The project is over budget
b. The project is not producing deliverables at the planned rate
c. The project is going to finish early
d. The project is performing as expected
Given the optimistic time of 30 minutes, the pessimistic time of 120 minutes, and the most likely time of 50 minutes, what is the weighted mean estimate?
a.60 minutes
b.45 minutes
c.58 minutes
d.75 minutes
image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Foundations of Lodging Management

Authors: David K. Hayes, Jack D. Ninemeier, Allisha A. Miller.

2nd edition

132560895, 978-0132560894

More Books

Students also viewed these General Management questions