UNIT $2-$ CHALLENGE $2\mathrm{.}2$: Bu

Select the option that deseribes reserve estimating.

a$)$ Uses comparisons to similar projects to guide estimates

b$)$ Involves identifining the money needed to cover project changes

c$)$ Uses real costs for a project and does not allow for any variations

d$)$ Involves setting a cost or value for each activity

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A company is shooting a new advertisement for its website, and Gina, the CEO, plays a large part in the ad$.$ The first round of video shoots is scheduled for a month in which Gina has a potential business trip. The videographer's schedule is tight, and he cannot make any changes for that particular month. Consider the risk of Gina's travel plans conflicting with the videographer's schedule.

What is the corresponding impact and probability of this risk occurring?

a$.)$ High impact and high probability

b$.)$ Low impact and high probability

c$.)$ High impact and medium probability

d$)$ Medium impact and medium probability

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