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Question
Which of the following is true of the project life cycle?a. In the early phases of a project life cycle, resource needs are usually lowest.
b. In the later phases of the project life cycle, the level of uncertainty is usually the highest.
c. It is much more expensive to make major changes to a project during the earlier phases than the latter phases.
d. More resources are usually needed during the initial phases of a project
than during the middle or final phases.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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A(n) _____ is a tool that helps clarify expectations and lists project measures of success as well as priorities, expectations, and guidelines related to each measure.
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A(n) _____ stakeholder is one who is aware of the project and is neither supportive nor resistant.
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The project sponsor, project team and the support staff would be the _____ project stakeholders.
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_____ can be classified as internal to the organization or external.
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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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The cost at which the contractor assumes total responsibility for each additional dollar of contract cost is known as a(n) _____.
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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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Identifying risks is a subprocess of the _____ process of project risk management.a. planning b. executingc. monitoring and controlling d. closing