The Building Constructed Will Have at Least R-38 Insulation Rating

question 23

Multiple Choice

The building constructed will have at least R-38 insulation rating for the ceiling and R-28 for the walls.This is an example of the ____ in a project charter.

• A) acceptance criteria
• B) project objective
• C) project description
• D) success criteria and expected benefits

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Definitions:

Expected Monetary Value(EMV)

A calculated average of all possible outcomes of a decision, where each outcome is weighted by its probability of occurring and its monetary impact.

Opportunity Loss Table

A table used in decision making to show the lost opportunities or costs associated with not choosing the best alternative.

Expected Monetary Value(EMV)

A method employed in making decisions that calculates the mean result in situations where the future holds potential but uncertain events.

Expected Monetary Value

The predicted average amount of money gained or lost from an investment or decision, calculated by considering all possible outcomes and their probabilities.