Estimating schedule activity costs involves developing an ______ of the cost of the resources needed to complete each schedule activity. Cost estimating includes identifying and considering various costing alternatives, for example, in mostapplication areas, additional work during a design phase is widely held to have the potential for reducing the cost of the execution phase and product oprations, the cost estimating process considers whether the expected savings can offset the cost of the additional design work. cost estmates are generally expressed in units of ______ to facilitate comparisons both within and across projects, the ______ describes important information about project requirement that is considered duing cost estimating. ______ can be considered as part of risk mitigation.
A. Risk identification
B. Purchasing insurance
C. Assessment of outcomes
D. Assessment of probabilities
Estimating schedule activity costs involves developing an ______ of the cost of the resources needed to complete each schedule activity. Cost estimating includes identifying and considering various costing alternatives, for example, in mostapplication areas, additional work during a design phase is widely held to have the potential for reducing the cost of the execution phase and product oprations, the cost estimating process considers whether the expected savings can offset the cost of the additional design work. cost estmates are generally expressed in units of ______ to facilitate comparisons both within and across projects, the ______ describes important information about project requirement that is considered duing cost estimating. Managing risk and documenting them is very important in project planning process. You are in the process of defining key risks, including constraints and assumptions, and planned responses and contingencies. These details will be included in the ______.
A. project management plan
B. project baseline
C. risk response plan
D. risk baseline
Estimating schedule activity costs involves developing an ______ of the cost of the resources needed to complete each schedule activity. Cost estimating includes identifying and considering various costing alternatives, for example, in mostapplication areas, additional work during a design phase is widely held to have the potential for reducing the cost of the execution phase and product oprations, the cost estimating process considers whether the expected savings can offset the cost of the additional design work. cost estmates are generally expressed in units of ______ to facilitate comparisons both within and across projects, the ______ describes important information about project requirement that is considered duing cost estimating. The ______ process ascertains which risks have the potential of affecting the project and documenting the risks’ characteristics.
A. Risk Identification
B. Quantitative Risk Analysis
C. Qualitative Risk Analysis
D. Risk Monitoring and Control
Estimating schedule activity costs involves developing an ______ of the cost of the resources needed to complete each schedule activity. Cost estimating includes identifying and considering various costing alternatives, for example, in mostapplication areas, additional work during a design phase is widely held to have the potential for reducing the cost of the execution phase and product oprations, the cost estimating process considers whether the expected savings can offset the cost of the additional design work. cost estmates are generally expressed in units of ______ to facilitate comparisons both within and across projects, the ______ describes important information about project requirement that is considered duing cost estimating. ______ assesses the priority of identified risks using their probability of occurring, the corresponding impact on project objectives if the risks do occur, as well as other factors such as the time frame and risk tolerance of the project constraints of cost, schedule, scope and quality.
A. Quantitative Risk Analysis
B. Qualitative Risk Analysis
C. Enterprise Environmental Factors
D. Risk Management Plan