You Are the Project Manager of the GGH Project in Your

question 8

Multiple Choice

You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

• A) You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.
• B) You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
• C) You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets.
• D) Quantitative risk analysis does not happen through the project manager in a functional stru cture.

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Definitions:

Freight Charges

Freight charges are the costs incurred by a company for transporting goods, merchandise, or commodities from one place to another.

Straight-Line Basis

The straight-line basis is a method of calculating depreciation and amortization, dividing the cost of an asset evenly over its useful life.

Salvage Value

Salvage value is the estimated resale value of an asset at the end of its useful life, determining the leftover value after depreciation is taken into account.

Depreciation Expense

This represents the allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.