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Provide answers to the following please: Question 16 Not yet answered Points out of 3.00 The objective of project risk analysis is to gather enough
Provide answers to the following please:
Question 16 Not yet answered Points out of 3.00 The objective of project risk analysis is to gather enough information about risk issues to judge the likelihood of occurrence and cost, schedule and performance consequences. There are numerous typical techniques that can be used in risk analysis (the text mentions 9 of them). List any three.Question 17 Back to Not yet answered Points out of 4.00 A technique that is quite prevalent in modern project management is the "Stage Gate" process. In two or three sentences explain what that means.N or yet answered Points out of 5.00 Expected Value (or Expected Monetary Value (EMVD is a concept that is the basis for almost all risk calculations. Here's an example: You have the possibility of working on two projects. Project A has a 10% chance of earning $1,000,000, a 30% chance of earning $500,000, and a 60% chance of losing $450,000. Project B has a 20% chance of earning $500,000 and an 80% chance of losing $100,000. What is the Expected Monetary Value of each? Question 19 Not yet answered Points out of 4.00 Power and authority in projects do not necessarily go hand-in-hand. On projects one may have a lot of responsibility but very little authority. Hence one needs to have as much "power" as possible. In this regard there are five types of power that a project manager might use. List any three. (You don't need to describe them; just list them.)Question 20 Not yet answered Points out of 4.00 Probably the most widely-known concept in business law (or procurement management -- in our case) is that of "the elements of a contract." In order to be valid, a contract must contain five elements. Name any three of themStep by Step Solution
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