A Project Team Member Highlights to the Project Manager That

question 478

Multiple Choice

A project team member highlights to the project manager that expensive licensing for critical software in use across the project may expire before the completion project. Which of the following would the project manager MOST likely do?

• A) Place a risk on the risk register and arrange a risk review with the appropriate stakeholders to accept and/or mitigate the risk.
• B) Raise a purchase order to purchase the licensing and ask the team member to install it.
• C) Amend the project scope and raise a project change request to obtain approval of the amendment.
• D) Amend the project schedule and work breakdown structures to remove the use of the software from the project.

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Variable Costs

Costs that change in proportion to the level of activity or volume of production.

Break-even Point

The point of business operation at which revenues equal expenses, resulting in no net loss or gain.

Variable Costs

Expenses that change in direct proportion to the amount of production or the volume of sales.