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List and describe each of the ten project management knowledge areas.
Describe the triple constraint. What are the three components and what is the relationship between them?
_____ is a document used to coordinate all project planning documents and help guide a project’s execution and control.
|a.||project management plan|
|b.||statement of work|
The two primary components of a risk are:
|a.||The impact and the event|
|b.||The event and the probability|
|c.||The probability and the impact|
|d.||The impact and the amount at stake|
Risk constitutes a lack of knowledge ____________________.
|a.||of future events.|
|b.||about the customer’s requirements.|
|c.||about the estimates.|
|d.||about the environment.|
Explain the importance of managing risks. Specificially, explain what qualitative and quantitative risk analysis incorporates
If there’s a 40% chance of making $1 million and a 60% chance of losing $600,000, then the expected monetary outcome is.
Brainstorming, assumption analysis and WBS decomposition are techniques used for:
|d.||Risk and monitoring control|
Explain one of the financial terms identified and explain its importance to manage projects during project integration.
The probability-impact matrix is a technique used as part of:
|a.||Risk and monitoring control|