In Risk Response Planning,where the Goal of the Project Manager

question 51

Multiple Choice

In risk response planning,where the goal of the project manager is to increase the probability that the opportunity will occur,the project manager must __________

• A)exploit
• B)share
• C)enhance
• D)accept

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Definitions:

Initial Direct Costs

Upfront expenditures that are directly associated with securing a contract or lease, such as legal and brokerage fees.

Service Costs

The expenses recognized in the period in which employees render services to obtain future benefits under a defined benefit plan.

Deferred

This refers to items or transactions that are postponed or delayed to a future date for accounting purposes.

Percentage-of-Completion Method

An accounting technique used to recognize revenue and expenses of long-term projects proportionally to the work completed to date.