While calculating the total budgeted cost in a project you have allocated a portion of the total project cost to each work package. You are following: Top-down approach. None of the given choices. Bottom-up approach. Both the approaches are the same. In a project you have come to know that a critical assembly could fail in certain atmospheric conditions. You decided to request for a change in design to use weather resistant parts. The risk would not occur once the modification is done. You have taken this action for: Risk Acceptance Risk Transfer Risk Avoidance Risk Mitigation One of the key takeaways from the tragedies of Challenger and Columbia is that 'normalization of deviance' is accepted as a norm in many organizations. This implies that risk acceptance is preferred over risk avoidance or mitigation. True False In the Clinical Information System project, as was explained by Jane Dowd, which of the following was the risk event happening in the project implementation: Project ambiguity Poor perceived system usefulness Lack of commitment from management Misalignment of the system with local A traveller fearful of flying kept a protective and a fire proof cover with him every time he flies. This was made up of very hard material to mitigate his fear of the plane meeting with an accident and in an event of it falling, the protective cover would save him. His safety was thus assured. He was surprised when he read an inflight magazine and discovered that this probability was the one with: low likelihood and low impact. high likelihood and low impact. low likelihood and high impact. high likelihood and high impact. One of the key takeaways from the tragedies of Challenger and Columbia is that 'normalization of deviance' is accepted as a norm in many organizations. This implies that risk acceptance is preferred over risk avoidance or mitigation. True False