Question 86

Examine the figure given below. What will be the expected monetary value of Risk C?
  • Question 87

    The project manager for project X was expecting the mobilization of critical equipment from another project, project Y. However, a day before the mobilization was scheduled, another project manager notifies project X's project manager that the equipment would not be available for at least another month due to delayed activities for project Y. This has jeopardized meeting a critical milestone for project X.
    How should project X's project manager avoid this situation in the future?
  • Question 88

    You are the project manager for the NHQ Project. This project requires that you install 140 copies of design software onto your department's computers. The vendor offers you a twenty percent discount on the software if your company will purchase 150 or more copies of the software. You communicate this offer with other departments in your firm to see if anyone else would need 10 copies of the software to save your project a significant amount of funds. What is this risk response called?
  • Question 89

    There are seven risk responses for any project. Which one of the following is a valid risk response for a negative risk event?
  • Question 90

    The project manager must evaluate two separate contractors for a project with an absolute finish date of 15 December. After performing a Monte Carlo assessment on the submitted schedules, the following information is found:

    Which contractor should be chosen, because of having the highest statistical output?