1. Which of the following is NOT an objective of the Monitor Risks process?a. Determine if implemented risk responses are effective b. Project assumptions are still valid c. Determine if risk management policies are being followed d. Determine methods to eliminate all residual risks

Risk monitoring is the process that would track and evaluate the level of risk i a project or…

Answered: 1. Which of the following is NOT…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

During the risk identification method, you listed those threats. Any of the main players of the project were also active in identifying danger incidents. In addition, you and the partners require many records to record known risk incidents. Which of the above helps to track and convey perceived threats inside the project? Select the correct announcement. A. B Register of Risks Estimates of activity costs C. Stakeholder Registry D. Forecasts of activity period
A problem tree helps us : a.Understand the problem of negative conditions related to a problem. b.Identify causes and effects of the circumstances that cross the objectives. c.Brainstorm possible indicators of the problem. d.Relate the objectives of the project stakeholders.
The RFP includes: a. a brief statement of work in terms of overall project objectives and deliverables. b. a list of the specific objectives and deliverables. c. guidelines and requirements for preparing the proposal. d. proposal evaluation criteria and point scoring system used in reviewing and evaluating the proposal. e. all of the above.
Alpha Company has implemented a plan whereby functional managers will be held totally responsible for all cost overruns against their (the functional managers’) original estimates. Furthermore, all cost overruns must come out of the functional managers’ budgets, whether they be overhead or otherwise, not the project budget. What are the advantages and disadvantages of this approach?
Financing is needed to fund new equipment for the build sites. A) You are required to create a business proposal to buy a truck (Tipper Trucks) suitable for Rubbish removal, sand and soil delivery, demolition clearing work, and this proposal will be discussed during the shareholders meeting. The proposal should include how buying the vehicle will help reduce long-term costs for Metharom.
Which of the following best explains the reason for planning processes and activities in project management? O a. Adhere to the project management processes forwarded by the Project Management Institute (PMI). O b. Demonstrate your knowledge and skills as a project manager O c. Satisfy the sponsor's and key stakeholders' requirements O d. Provide a roadmap for project execution, and monitoring and reporting of project progress.
In the opening of this week's chapter, the author references a study reported in the Harvard Business Review which exposed the prominence of cost overruns in IT projects. Research an IT project that went over the estimated budget. In your post, report why the project incurred an overrun and what could have been done differently to avoid this overrun. At minimum, your post should be 150 words.
include the elements related to project planning requested below. An employee has been appointed by the company he works for to make a plan for the creation of a new customer service department. To carry it out, he will apply project management concepts. The following is required: Establish what the initial requirements are for said project through a project constitution with all the required parts. You must use the terminology associated with project management.The articles of incorporation must include: a) Project overviewb) The components of the project teamc) A list of the project's stakeholdersd) Two (2) project objectives using the SMART guidee) The scope of the projectf) An approximate budget of the project costsg) Two (2) risks associated with the project
What happens as you increase the number of people working on a project from three to six?a. The project will get done twice as quickly.b. The communication requirements for the project double.c. The project might or might not be accelerated.d. The communication requirements for the project increase by far more than 2x.e. The project will get done twice as quickly and the communication requirements for theproject double.f. The project might or might not be accelerated and the communication requirementsfor the project increase by far more than 2x.
Section 1: Scenario: Briefly describe the scenario you have been given, expanding on the situation as needed. Section 2: Change Management Plan Be sure to provide a risk analysis table as part of the assessment. In the design section, a budget is optional, but the scope of change must be defined and a backout plan is required. In the implementation section, be sure to document how end-user acceptance testing and documentation of the project will be performed and stored. Also, include a plan for removing/disposing of the old equipment. In the evaluation section, describe how you know the plan is complete. Section 3: Disaster Recovery Plan: Provide a disaster recovery plan as outlined in your scenario.
Risk management involves identification, assessment, control, and response to project risks to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective. Risk identification includes determining which risks may adversely affect the project objective and estimating what the potential impacts of each risk might be if they occur. Describe the steps involved to manage risk on a project. How can a risk assessment matrix help in this process? What risks for a project have the highest priority? Does the priority for a risk change as the project progress?
Mary is a project manager at a consulting company. The company regularlybuilds teams to create products for clients. When the product is delivered,the team is dissolved and assigned to other projects. What kind oforganization is she working for?A. ProjectizedB. Weak matrixC. FunctionalD. Strong Matrix An important part of performing stakeholder analysis is documentingquantifiable expectations. Which of the following expectations isquantifiable?A. The project must improve customer satisfactionB. The project should be higher qualityC. The project must yield a 15% reduction in part costD. All stakeholders needs must be satisfied

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

1. Which of the following is NOT an objective of the Monitor Risks process?
a. Determine if implemented risk responses are effective
b. Project assumptions are still valid
c. Determine if risk management policies are being followed
d. Determine methods to eliminate all residual risks

1. Which of the following is NOT an objective of the Monitor Risks process? a. Determine if implemented risk responses are effective b. Project assumptions are still valid c. Determine if risk management policies are being followed d. Determine methods to eliminate all residual risks