Question: When making decisions about the cost of risks for a project, it is important to: a. use only quantitative analysis tools because quantitative methods are

When making decisions about the cost of risks for a project, it is important to:

a. use only quantitative analysis tools because quantitative methods are rigorous and unbiased for most of the decisions.

b. incorporate different categories of risk and perspectives and methods.

c. avoid using expert judgment as part of the analysis because people's experience is generally biased and different from the current problem at hand.

d. spend as much time as possible on the analysis, because in the end risk assessment is all analysis and guesswork anyway.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below The correct option here would be b inco... View full answer

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!

1. The total payroll tax expense incurred by the employer on salaries and wages paid during the quarter ended December 31 was.....................$ 2. The total payroll tax expense incurred by the...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...

QUESTION 32 When making decisions about the cost of risks for a project, it is important to: a. use only quantitative analysis tools because quantitative methods are rigorous and unbiased for most of...

As a Supply Chain Management major, my target job in the future would also be related to this field. In the recent years the world has seen a lot of unprecedented problems following the break out of...

1. Analyze the article Remember to use the analysis tools in your writing ask yourself after reading the article "so what?" and "why is this important?" *** Article: Marketing is important to every...

Stand Alone Project all the information is attached in word format. Stand-Alone Project: Case Study in Managerial Accounting You should begin working on the Stand-Alone Project early in the course....

TB0383 Andrew C. Inkpen General Electric's Corporate Strategy Like the premature obituary of writer Mark Twain, reports of the death of the conglomerate are often exaggerated. Diversified companies,...

An important gene has a mutation rate of 0.0004 mutations per generation. Find the expected number of mutations, the variance, the probability of zero mutations, and the probability of exactly one...

U-Haul acquired new trucks for $1.4 million. Their estimated useful life is 4 years, and estimated residual value is $200,000. Prepare a depreciation schedule similar to Exhibit, comparing...

At what age do most males begin puberty? Multiple choice question. At birth At 8 - 9 years of age At 1 0 - 1 2 years of age At 1 5 - 1 6 years of age At 1 8 - 2 0 years of age

//C++ implementation for the problem#include#include #include#includeusing namespace std;class Graph{ //Assuming a directed graphprivate: map> edges; //A map to maintain the edges set nodes; //A...

1. What are some examples of Ford's variable costs (please discuss and explain 3)? 2. What are some examples of Ford's fixed costs (please discuss and explain 3)? 3. Is Ford a highly levered company?...

WACC The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 7.8 million shares outstanding, is now (1/1/09) selling for S65.00 per share. The expected...

compute the chain table through the indicated linear term. [(s^2)+s-3]/(s+3)^3; using the s+3 chain

Justin's almost apology wasn't well received by the staff. You watch dinner service and see more of the same old behavior. You rethink your plan. What are you going to have him do first?Reassure him...

In this chapters opening case, why do you think it took such a large-scale security breach for TJX to start a serious corporate ethics program? Have things changed in 2021 in corporations?

Which of the corporate crises summarized at the end of the chapter were you unfamiliar with? Do you believe these crises represent business as usual or serious breakdowns in a companys system? Why?

Draft a brief values statement (or list some major values) of the ideal company for which you would like to work. Compare your list with other students lists. What similarities and differences did...

What does it mean to vest in a defined benefit or defined contribution plan?

Describe how an employee's benefit under a defined benefit plan is computed.

Explain the tax similarities and differences between qualified defined contribution plans and nonqualified deferred compensation plans from an employee's perspective.