Which Planning Process Is Associated with Project Scope Management

question 1

Multiple Choice

 Which planning process is associated with project scope management?

• A) Collecting requirements
• B) Performing qualitative risk analysis
• C) Planning schedule management
• D) Estimating costs

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Definitions:

Escalation of Commitment

The phenomenon where individuals or groups continue to invest time, money, or effort into a bad decision, even when it becomes clear it was a mistake.

Board of Directors

A group of individuals elected to represent shareholders and oversee the management and policies of an organization.

CEO

Chief Executive Officer, the highest-ranking person in a company or organization, responsible for making major corporate decisions.

Rational Choice

is a theoretical framework that assumes individuals make decisions by considering the potential costs and benefits of different options to maximize their advantage.