Project Risks That Are Mostly Within Company Control Such as Unrealistic

question 86

Multiple Choice

Project risks that are mostly within company control such as unrealistic activity time estimates are referred to as?

• A) Schedule risks
• B) Technology risks
• C) Operational risks
• D) External risks

---

Definitions:

Standard Cost Sheet

A document that outlines the expected costs associated with the production of a product, including materials, labor, and overhead.

Labor Price Variance

The difference between the actual cost of direct labor and the standard cost of labor that was expected during a period.

Labor Quantity Variances

The difference between the actual hours worked and the standard hours expected for the actual production level, valued at the standard labor rate.

Variance Report

A document that compares actual financial performance to budgeted or planned financial performance, identifying differences.