Which Process Involves Numerically Estimating the Effects of Risks on Project

question 53

Multiple Choice

 Which process involves numerically estimating the effects of risks on project objectives?

• A) performing qualitative risk analysis
• B) planning risk responses
• C) identifying risks
• D) performing quantitative risk analysis

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Definitions:

Fixed Expenses

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance premiums.

Cost-Plus Methods

Methods of price setting determined by the cost amount per unit plus a markup based on the desired profit per unit.

Selling Price

The amount of money for which a product or service is sold to customers.

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.