Project Risk Management

question 21

Multiple Choice

Project Risk Management

• A) focuses on coordinating the project plan's development, execution, and control of changes.
• B) includes identifying the project phases and activities and estimating, sequencing, and assigning resources.
• C) focuses on planning, developing, and managing the quality environment allowing the project to meet or exceed stakeholder expectations.
• D) focuses on identifying and responding appropriately to risks that can impact the project.
• E) is concerned with acquiring project resources that are outside the organization.

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Definitions:

Differential Effect

The impact of a business decision on the revenue or cost, highlighting the difference between two alternatives.

Useful Life

The estimated period of time during which an asset is expected to be usable for the purpose for which it was acquired.

Relevant Revenues

Revenues that directly relate to a specific business decision or activity.

Alternatives Being Considered

The different options or strategies under evaluation to address a particular issue or to achieve a specific goal.