Question 1

An easy method of evaluating risk in certain situations by modifying project parameters and evaluating the corresponding changes is __________.

Accepted Answer

A) Monte Carlo simulations 
B) risk mitigation 
C) project budgeting 
D) risk analysis 
A) Monte Carlo simulations 
B) risk mitigation 
C) project budgeting 
D) risk analysis

Question 2

Suggest some reasons why an organization would support projects that show a significant incremental profit over direct costs but are not profitable when costs fully accounted for.

Accepted Answer

Reasons for undertaking this type of pro

Question 3

Unknown-unknowns are not part of the baseline budget and are referred to as

Accepted Answer

A) management reserves 
B) contingency reserves 
C) PMBOK reserves 
D) Buffered reserves 
A) management reserves 
B) contingency reserves 
C) PMBOK reserves 
D) Buffered reserves

An easy method of evaluating risk in certain situations by modifying project parameters and evaluating the corresponding changes is __________.

Suggest some reasons why an organization would support projects that show a significant incremental profit over direct costs but are not profitable when costs fully accounted for.

Unknown-unknowns are not part of the baseline budget and are referred to as

Projects in Contemporary Organizations

Strategic Management and Project Selection

The Project Manager

Negotiation and the Management of Conflict

The Project in the Organizational Structure

Project Activity Planning

Scheduling

Resource Allocation

Monitoring and Information Systems

Project Control

Project Auditing

Project Termination

Filters

Exam 7: Budgeting and Cost Estimation

An easy method of evaluating risk in certain situations by modifying project parameters and evaluating the corresponding changes is __________.

Suggest some reasons why an organization would support projects that show a significant incremental profit over direct costs but are not profitable when costs fully accounted for.

Unknown-unknowns are not part of the baseline budget and are referred to as

Projects in Contemporary Organizations

Strategic Management and Project Selection

The Project Manager

Negotiation and the Management of Conflict

The Project in the Organizational Structure

Project Activity Planning

Scheduling

Resource Allocation

Monitoring and Information Systems

Project Control

Project Auditing

Project Termination

Filters