Project Managers and Teams Should Consider Risks and Include Them

question 17

Multiple Choice

Project managers and teams should consider risks and include them in the project charter for all the following reasons EXCEPT:

• A) risks that may have a negative impact on project objectives should be identified and addressed.
• B) all project risks should be eliminated before the project charter is signed.
• C) risks that may have a positive impact on the project create opportunities and should be capitalized upon.
• D) the sponsor and core team should be aware of what could prevent them from successfully completing the project.

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Definitions:

Allowance Factor

A factor or percentage added to an estimate to account for uncertain conditions, providing a margin for error or unforeseen costs.

Standard Time

The established amount of time it should take to complete a specific task or process.

Observed Time

The actual time recorded during the observation of a task or process.