Scenario 3-1
The production possibilities frontiers below show how much Greg and Catherine can each produce in 8 hours of time.
Greg's Production Possibilities
Catherine's Production Possibilities 
-Refer to Scenario 3-1.What is Greg's opportunity cost of producing ice cream? Explain how you derived your answer.
Definitions:
Potential Project Risks
Identified factors that may negatively affect the success or progression of a project.
Risk Mitigation
The process of identifying, analyzing, and taking steps to reduce or eliminate the risks associated with an activity or project.
Performance Specifications
Detailed descriptions of the functional requirements for a project, specifying the desired outcomes and criteria for assessing performance.
Project Deliverables
Specific outcomes, products, or results that must be produced to complete a project and meet its objectives.
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