Which of the Following Is True About David Hillson’s Risk

question 20

Multiple Choice

Which of the following is true about David Hillson’s risk management approach?

• A) David Hillson uses the same framework as the resource breakdown structure for developing a risk breakdown structure.
• B) A risk breakdown structure organizes risks associated with each activity in the work breakdown structure using a table with increasing levels of detail to the right.
• C) Hillson's approach helps the project team identify unknown risks.
• D) Hillson's approach can be restrictive and less creative in identifying known risks.
• E) Hillson's approach can be restrictive in identifying risks not easily found inside the work breakdown structure.

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Definitions:

Pricing Decisions

Pricing decisions involve determining the selling price of goods or services, taking into account factors like costs, market demand, competition, and margins.

Process Costing

An accounting methodology used to assign costs to masses of similar units of product to calculate the cost per unit, typically used in industries where products are indistinguishable, like chemicals or food processing.

Petroleum

A naturally occurring liquid found beneath the Earth's surface that can be refined into fuel, lubricants, and petrochemicals.

Sugar Refining

The process of converting raw sugar into refined sugar, involving the removal of impurities and color to produce pure, white sugar for consumption.