Which of the Following Would Not Be Considered a Possible

question 57

Multiple Choice

Which of the following would not be considered a possible cause of a controllable (i.e., a systematic) variance?

• A) Implementation error.
• B) Random error.
• C) Modeling error.
• D) Prediction error.
• E) Measurement error.

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Definitions:

Execution Phase

The stage in a project or plan where the strategies and planning are put into action to achieve the project's objectives.

Risk Response Plan

A strategic approach to identifying, assessing, and developing options and actions to deal with potential threats or opportunities.

Total Risk

The complete range of potential threats to the success of a project or investment, encompassing both known risks and those that cannot be anticipated.

Risk Breakdown Structure

A hierarchical decomposition of risks into categories and subcategories, intended to organize and manage risks more effectively.