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Question
Explain the basic steps involved in performing a Monte Carlo analysis.Answer
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Related questions
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The project sponsor, project team and the support staff would be the _____ project stakeholders.
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Issue logs can be used to address issues related to other knowledge areas like project scope management or project quality management.
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Sensitive information can be included in the stakeholder register as very few people in the organization have access to it.
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Groups representing consumer, environmental, or other interests can be identified as project stakeholders.
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The main output of the identifying stakeholders process is the project charter.
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A(n) _____ type of e-procurement that sends requests for information and prices to suppliers and receives the response of suppliers using Internet technology.
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A(n) _____ is a list of risks that are low priority, but are still identified as potential risks.
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The term _____ is used to describe risks that the project team has identified and analyzed.
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_____ is the amount of satisfaction or pleasure received from a potential payoff.
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A project _____ is an uncertainty that can have a negative or positive effect on meeting project objectives.
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_____ applies to positive risks when the project team cannot or chooses not to take any actions toward a risk.a. Risk enhancement b. Risk acceptancec. Risk sharing d. Risk exploitation
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_____ involves allocating ownership of the risk to another party.a. Risk exploitation b. Risk sharingc. Risk enhancement d. Risk acceptance
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_____ involves shifting the consequence of a risk and responsibility for its management to a third party.a. Risk avoidance b. Risk acceptancec. Risk transference d. Risk mitigation
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_____ involves doing whatever you can to make sure the positive risk happens.a. Risk exploitation b. Risk sharingc. Risk enhancement d. Risk acceptance
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_____ involves reducing the impact of a risk event by reducing the probability of its occurrence.a. Risk avoidance b. Risk acceptancec. Risk transference d. Risk mitigation
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