In Applying the Principle of Common Cause Variation to the Theory

question 66

Multiple Choice

In applying the principle of common cause variation to the theory of CCPM,it is important to:

• A)not make adjustments to projects when the variation in project performance lies within the range of common-cause variance.
• B)immediately call meetings for all key stakeholders if common cause variation is detected.
• C)include special cause variation in project risk simulation since there is a chance it may occur.
• D)perform risk management on aggregated project risks.

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Definitions:

Planning

The process of deciding in detail how to do something before actually starting to do it, including setting goals and determining actions.

Directing

Motivating and leading employees to achieve organizational objectives.

Managers

Individuals in an organization responsible for directing and overseeing the work of others.