Which of These Statements About the Project Risk Analysis and Management

question 94

Multiple Choice

Which of these statements about the project risk analysis and management program is best?

• A)Risk management is best handled using an ad hoc approach.
• B)If a choice between accepting and transferring risk presents itself,risk should be transferred.
• C)The project manager should choose a small subset of all risk management tools.
• D)Multiple approaches to risk management should be integrated into a coherent,synthesized approach.

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Definitions:

Estimated Regression Equation

An equation generated through regression analysis that predicts the dependent variable based on the values of independent variables.

Regression Equation

An equation derived from regression analysis that represents the statistical relationship between one or more predictor variables and the response variable.

Regression Model

A form of predictive modelling technique which investigates the relationship between a dependent (target) and independent variable(s) (predictor).

Correlation Model

A statistical technique used to understand the strength and direction of the relationship between two variables.