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A) Reserves are included as part of earned value measurement calculations.
B) Reserves are not part of the project cost baseline.
C) The project manager needs to get approval before spending management reserve.
D) Reserves are usually included in the total budget of a project.
A) Scope statement
B) Requirement document
C) Project charter
D) Risk management plan
Pair wise comparisons
D) Value engineering
It depends on how the project progresses relative to its objectives.
B) It is left to the discretion of the project manager.
Reassessment needs to be done at the 25%, 50%, and 75% stages of project completion.
Reassessment needs to be done at the 20%, 40%, 60% and 80% stages of project completion.
Input: Cost of each decision Output: Probability of occurrence
B) Input: Cost of each decision Output: Decision made
Input: Scenario probability Output: Expected Monetary Value (EMV)
D) Input: Cost of each decision Output: Payoff