As the Degree of Sensitivity of a Project to a Single

question 128

Multiple Choice

As the degree of sensitivity of a project to a single variable rises, the:

• A) Lower the forecasting risk of the project.
• B) Smaller the range of possible outcomes given a pre-defined range of values for the input.
• C) More attention management should place on accurately forecasting the future value of that variable.
• D) Lower the maximum potential value of the project.
• E) Lower the maximum potential loss of the project.

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Definitions:

EF (Earliest Finish)

In project management, it is the earliest possible point in time when a particular task or activity can be completed, considering the start time and the duration of the task.

Predecessor

A task or activity that must be completed before a subsequent task or activity can begin in project management and scheduling contexts.

CPM

Critical Path Method; a project management technique that identifies the sequence of crucial and interdependent steps that comprise the project from start to finish.

Precedence Relationships

Logical relationships that determine the sequence in which activities must be performed in project management and scheduling.