APSC 221 Question and answers 100% correct 2024/2025
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Course
APSC 221
Institution
APSC 221
APSC 221 Question and answers 100% correct 2024/2025 APSC 221- RISK MANAGEMENT
what are some common types of project risks - correct answer - absenteeism
- resignation
- staff pulled away by management
- additional staff/ skills not available
- training not as effective as desired
- ini...
APSC 221- RISK MANAGEMENT
what are some common types of project risks - correct answer ✔-
absenteeism
- resignation
- staff pulled away by management
- additional staff/ skills not available
- training not as effective as desired
- initial specifications poorly or incompletely specified
- work or change orders multiply due to various problems
- enhancements take longer than expected
what are some quantitative and qualitative methods for conduction risk
identification - correct answer ✔- brainstorming meetings
- expert opinion
- history (determine 'storm signals')
- team-based assessments
promotion risk - correct answer ✔probability that the investments made to
find the front-end activities will be lost (project abandoned)
market (volume) risk - correct answer ✔probability that the forecast sales
volume for the new project will not materialize
market (price) risk - correct answer ✔prob that the unit price will be less than
the forecasted price
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