The detailed description of what the project should deliver is known as a. Purpose b. Strategy c. Success Criteria d. Requirements What kind of risk response is outsourcing? а. Accepting the consequences b. Avoiding Risk С. Transferring Risk d.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The detailed description of what the project
should deliver is known as a. Purpose b.
Strategy c. Success Criteria d. Requirements
What kind of risk response is outsourcing?
а.
Accepting the consequences
b.
Avoiding Risk
С.
Transferring Risk
d.
None of the above
What information is included in a risk
matrix?
а.
Types of risks
b.
Probability and impact of the risk
C.
Risk response
d.
All of the above
Total project budget is
а.
Total cost of all work packages +
contingency reserves
b.
Cost baseline
C.
Cost baseline + management reserves
d.
Contingency reserves
Transcribed Image Text:The detailed description of what the project should deliver is known as a. Purpose b. Strategy c. Success Criteria d. Requirements What kind of risk response is outsourcing? а. Accepting the consequences b. Avoiding Risk С. Transferring Risk d. None of the above What information is included in a risk matrix? а. Types of risks b. Probability and impact of the risk C. Risk response d. All of the above Total project budget is а. Total cost of all work packages + contingency reserves b. Cost baseline C. Cost baseline + management reserves d. Contingency reserves
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