The Project Risk Management Knowledge Area Focuses on Which of the Following

question 5

Multiple Choice

The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply.

• A) Quantitative Risk Analysis
• B) Potential Risk Monitoring
• C) Risk Monitoring and Control
• D) Risk Management Planning

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Definitions:

Time Ticket

A record or document that tracks the amount of time an employee spends on various tasks or jobs, often used for billing and payroll.

Job Cost Sheet

A document that records the materials, labor, and manufacturing overhead costs assigned to each individual job or project.

Direct Labor

The work of factory employees that can be directly traced to the individual units of product.

Factory Overhead Applied

The allocation of estimated manufacturing overhead costs to individual units of production based on a predetermined rate.