Question: In contingency reserves a _ _ _ _ _ is known risk but its extent as a risk to the project is not known

In contingency reserves a _____is known risk but its extent as a risk to the project is not known

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

On January 1, 2024, Trenten Systems, a U.S.- based company, purchased a controlling interest in Grant Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase...

Q:

It is important to understand how contingency reserves can impact the risk evaluation and cost estimation. If you were the project manager it is critical to understand how contingency reserves impact...

Q:

It is important to understand how contingency reserves can impact the risk evaluation and cost estimation. Answer the following: Determine how to evaluate a company's contingency reserves...

Q:

Comment & Question 1 I enjoyed reading your narrative. I want to add to your point that contingencies are necessary in any project and tracked outside the project budget estimate, this way we are...

Q:

This quiz consists of 60 Multiple Choice-Questions (MCQs). 1. The chances of a risk event occurring as a project proceeds through its life cycle tend to A. Slowly rise B. Drop sharply and then level...

Q:

Review the project scenario and answer the 2 questions that follow. Each question is worth 3 points (6 points in total). Project Scenario The project got off to a strong start. All the necessary...

Q:

Peter is using the Critical Path Method to estimate the duration of a particular activity without taking risk into consideration if the optimistic time is 6 days, the most likely time is 9 days and...

Q:

MGT6153.E1 Summer 2016 Multiple-Choice Exercise 3 Total Questions: 40 This assignment is due by Saturday of Week 9 August 13th at 11:59 PM Central Time. Identify the choice that best completes the...

Q:

Your project team has been working on the budget for the Cascada PREP project. You've asked the team to create a roll-up of the budget that provides a high-level view of the project costs. Based on...

Q:

The topic for this risk management plan is implementing a new CRM in an organization (ie: Oracle to Salesforce). This will be an upgrade from a legacy platform to a cloud based system. This should...

Q:

2 RBS action to alleviate resource restrictions and ensure smooth operations because they have The Risk Breakdown Structure, also known as the R.BS, is a hierarchical structure that recognized these...

Q:

The drinking water needs of an office are met by cooling tab water in a refrigerated water fountain from 23 to 6C at an average rate of 10 kg/h. If the COP of this refrigerator is 3.1, the required...

Q:

Assume that a country produces only two goods, automobiles and fast PCs. In year 1, automobiles cost $20,000 each and the PCs cost $3,000 each; 1,000 automobiles and 10,000 PCs are produced. In year...

Q:

Western trading company is a sole proprietorship engaged in the grain brokerage business 1 . ) Were the auditors justified in issuing a qualified opinion in this situation? Discuss fully, including...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....