The Deliverable from the Focus Step of the Project Risk

question 95

Multiple Choice

The deliverable from the focus step of the project risk analysis and management model is:

• A)A clear,unambiguous,shared understanding of all key aspects of the project documented,verified,and reported.
• B)A clear,unambiguous,shared understanding of all relevant key aspects of the RMP documented,verified,and reported.
• C)A clear understanding of the implications of any important simplifying assumptions about relationships between risks,responses and base plan activities.
• D)Clear ownership and management allocations,effectively and efficiently defined,legally enforceable in practice where appropriate.

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Definitions:

Supply Planning Process

The proactive method of coordinating assets to optimize the supply of products and services.

Sales Forecast

The process of estimating future sales, based on historical data, industry comparisons, and market analysis, to guide business planning.

Production Forecast

A projection of the quantity of goods or services a company plans to produce over a specific period, based on demand predictions and resource availability.

General Economic Forecast

An estimation or prediction of future economic conditions globally or within a specific region.