When Scoping a Project, What Needs to Be Included

question 10

Multiple Choice

When scoping a project, what needs to be included?

• A) The main risks associated with the project
• B) The people and other resources needed for the project
• C) The project's quality requirements
• D) The project's stakeholder needs and communication arrangements
• E) All of these responses are correct.

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Definitions:

Capital Allocation Line

A graph line that shows the risk-return trade-off for efficient portfolios, indicating the rate of return for each unit of risk.

Risk-free Security

A financial instrument considered to have minimal risk of default, often equated with the debt of a solvent government or government-backed entity.

Global Minimum-variance Portfolio

A portfolio constructed to achieve the lowest possible risk (variance), holding investments worldwide to diversify exposure.

Efficient Frontier

A graphical representation in modern portfolio theory showing the set of optimal portfolios that offer the highest expected return for a defined level of risk or vice versa.