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When a project team elects to eliminate risky activities, minimize system complexity, or eliminate or alter requirements that induce the risk, it is demonstrating which
When a project team elects to eliminate risky activities, minimize system complexity, or eliminate or alter requirements that induce the risk, it is demonstrating which of the following broad approaches or strategies to respond to risk?
a. | Avoid the risk | |
b. | Transfer the risk | |
c. | Reduce the risk | |
d. | Accept the risk |
Nicholas and Steyn identify several actions that project teams can take to reduce the technical risk of their project. Which of the following items is NOT one of these actions?
a. | Eliminate extensive tests and evaluations | |
b. | Employ the best technical team | |
c. | Use design margins | |
d. | Base decisions on models and simulations of key technical parameters |
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