To Reduce Risk, a Project Should Have Which One of the Following

question 11

Multiple Choice

To reduce risk, a project should have which one of the following qualities?

• A) High complexity
• B) High clarity
• C) Big in size
• D) Large in budget
• E) Lots of programmers.

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Definitions:

Simulation Results

The outcomes derived from running a computer model that approximates the behavior of a system under specific conditions.

Average Time

The mean value of a set of time measurements, calculated as the sum of all times divided by the number of occurrences.

Queue

A sequence of items or people waiting in line to be processed or attended to, often ordered by the principle of first-in, first-out (FIFO).

Reorder Point

The inventory level at which a new order should be placed to replenish stock before it runs out, considering lead time and demand.