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When considering risks, which describes an opportunity in a project?
- An uncertain event that could have a negative impact on objectives
- An uncertain event that could have a favourable impact on objectives
- An event that has occurred resulting in a negative impact on objectives
- An event that has occurred resulting in a favourable impact on objectives
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How many tasks does the product-based planning technique describe?
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Which of the following statements about lines of authority and reporting are true?
1, The Project Manager has day-to-day control for a management stage within the limits laid,
2. If a Team Manager forecasts a deviation beyond Work Package tolerances, this should be referred to the Project Manager down by the Project Board.
- Only 1 is true
- Only 2 is true
- Both 1 and 2 are true
- Neither 1 or 2 are true
Which may be funded from a risk budget?
- Corrections due to off-specifications
- Impact analysis of requests for change
- Implementation of a fallback plan
- Preparation of the Risk Management Strategy