Homework Assignment

February 20, 2018August 18, 2017 admin

Instructions:
Please answer the following questions. Your responses should be between 100 and 150 words, double-spaced, and follow the American Psychological Association (APA) Publication Manual, 6th Edition.
Questions:
1.What is the difference between avoiding a risk and accepting a risk?
2.What is the difference between mitigating a risk and contingency planning?
3.Explain the difference between budget reserves and management reserves.
4.What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other?
5.What are the major types of costs? Which costs are controllable by the project manager?

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