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8 Cards in this Set
- Front
- Back
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As with PERT, an “expected” estimate for either duration or cost may be derived by weighting the estimates for each option and summing these figures to get a “_____” result. |
blended |
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Decision trees are useful for situations where you have what kind of estimate? |
Discrete estimates |
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In more complex cases, options may be modeled or simulated using __________ or other computer techniques. |
Monte Carlo |
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If the range of possibilities for an activity’s duration or cost are assumed to be a statistical distribution, the __________ or ________ of the distribution is a measure of risk. The larger the range selected for the distribution, the higher the risk for that activity. |
standard deviation (or variance) |
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Risk assessment provides a prioritized risk register.
T/f |
T |
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An accumulation of significant scope risks may indicate that your project is unlikely to complete within its constraints. Too many schedule or resource risks may indicate that your project is literally impossible
T/f |
An accumulation of significant scope risks may indicate that your project is literally impossible. Too many schedule or resource risks may indicate that your project is unlikely to complete within its constraints. |
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can be a potent tool for transforming a seemingly doomed project into a merely challenging one. |
Project risk management |
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For each identified risk that is assessed as significant, you must determine the source and type of risk that it represents. |
Root cause analysis |
