Project risk management involves:O A. Analogous estimating, bottom-up estimating and parametric modellingO B. Cost estimating, cost budgeting and cost controlO C. Risk identification, contingency budgeting and contracts managementO D. Net present value, return on investment and payback analysis

Project risk management involves: OA. Analogous estimating, bottom-up estimating and parametric…

Answered: Project risk management involves: O A.…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Project management tools and techniques........................ Are used to select the appropriate and potential projects. Assist project managers and their teams in carrying out works in all 10 knowledge areas. Are mathematical models used to describe the progress of a project. Are used to understand the enterprise environmental assets
Comprehensive Analysis of a Fortune 500 Company For this Individual Project you will Comprehensive Analysis of a Fortune 500 Company For this Individual Project you will analyze publicly available information about a Fortune 500 Company and develop an assessment of the corporate strategy and its ability to increase competitive advantage. This assignment requires you to obtain and analyze information at the company, industry and market levels using various databases and reports found in the AIU library, in addition to at least eight (8) professional or academic peer-reviewed articles.Please follow instructioons. I need 12 pages and no plagiarism. I am willing to pay 40 dololars. Click here for a tutorial on finding company information in the library. Click here for a tutorial on finding industry information in the library. Your analysis should include an in-depth review of the Company’s most recent SEC Form-10k Annual Report and Form DEF-14A Proxy Statement.…
Correct and detailed answer will be Upvoted else downvoted. Thank you!
Project Direct costs are the costs related with utility expenses in the project. true or false?
A project has three tasks and three members. These tasks include preparing a bill of materials task and preparing an estimated task must be the project team's responsibility, while the project manager is considered accountable for these tasks. For the Preparing estimate task, the sponsor must be informed. The third task, sending procurement documents task is the responsibility of the project manager, while the project team is accountable for this task, in the other hand the sponsor indeed must be informed of this task. Decide what is the suitable chart type that can be used to list the above tasks and mapped to everyone involved in the project using samples (R, A, C, I). Elaborate your answer by providing the full meaning of those samples and create the table that represents the relationship between these tasks and the samples.
Any cost revision of a project either due to its changed scope or due to an increase in its cost by more than 15% can be again revised and submit after (a) One year (b) two years (c) three years (d) none of these
5. Describe one issue that potentially limits the effectiveness of project management software in businesses. How can this issue be overcome? 6. You have been assigned as the project manager for the SuperMegaExtraBig Systems Upgrade project. As part of your project risk analysis, you determined the top 10 risks in this project based on their expected monetary value (EMV). The data is below: Risk EMV $45,000 $38,000 $32,000 $21,500 $14,500 $12,200 $8,000 $6,500 $4,000 $4,000 A C F How much risk reserve (risk contingency) should you budget for this project? Justify your response. DEEGHI -→
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Activity A B с D E F Description Plan needs Order equipment Install equipment Set up training lab Conduct training course Test system Immediate Predecessor A B A D C, E Time (weeks) Normal Crash 10 8 10 7 10 3 6 7 6 8 3 Cost ($1,000s) Normal 30 120 100 40 50 60 Crash 70 150 160 50 75
III. Risks and Feasibility This section of your report identifies risks and confirms the feasibility of the information systems development project. Project feasibility analysis verifies whether a project may be started and successfully completed. Your report should address the feasibility issues listed below. Start by clearly describing what issues are addressed by each feasibility category (see the relevant definitions in the textbook), and discuss the feasibility of the project with respect to each category. Determine organizational and cultural feasibility. This evaluates organizational and cultural issues to identify potential risks for the new system. See pp. 269–270 of the textbook for examples of potential issues.Note: the textbook does not provide an exhaustive list of possibilities!Note: ‘organization’ in this context refers to the Car Sharing community—all stakeholders, but particularly members and prospective members. Assess technological feasibility. See p. 270 of the…
In Risk Management Plan, when a new risk is identified, as a Project Manager, you should: a. Bypass the new risk b. Ignore the new risk c. Delete the new risk d. Document the new risk
Constraints in project management are some important factors that everyone must work within to achieve the project goals and unfortunately, these are unavoidable. As a Project Manager, being aware of the limitations is essential in directing project path and ultimately reaching success. That is why, by knowing project constraints is such an important task to be performed at the planning stage. There are 6 Project Constraints that we need to know. Explain the following constraints in your own words and make sure to identify 2 applications / connections / linkages of such constraint with your WBS. Write your answer on the space provided below.
Return on Investment refers to the time it takes for the organization to recover its investment in the project before it starts accumulating profit. Select one: a. False O b. True

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Project risk management involves: O A. Analogous estimating, bottom-up estimating and parametric modelling O B. Cost estimating, cost budgeting and cost control O C. Risk identification, contingency budgeting and contracts management O D. Net present value, return on investment and payback analysis