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


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

E) None of the above
F) B) and C)

Correct Answer

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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.

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Reasons for undertaking this type of pro...

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


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

E) None of the above
F) A) and B)

Correct Answer

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