RUE OR FALSE. 1-Project risk management is considered a relatively new project management knowledge area. 2-Evidence shows that project costs and schedules rarely overrun their initial plans. 3-Predictability in cost and schedule outcomes is a key financial objective for project management 4-Monte Carlo simulation has rarely been adopted
PART 1- TRUE OR FALSE.
1-Project risk management is considered a relatively new project management knowledge area.
2-Evidence shows that project costs and schedules rarely overrun their initial plans.
3-Predictability in cost and schedule outcomes is a key financial objective for project management
4-Monte Carlo simulation has rarely been adopted to forecast project time and cost outcomes more realistically:
5-A risk register is a list of events with their probabilities, impacts, and other properties