Which of the following techniques accounts for path convergence and generally estimates project durations more accurately?
A. CPM
B. PERT
C. Schedule simulation
D. Path convergence method
When should a risk be avoided?
A. When the risk event has a low probability of occurrence and low impact.
B. When the risk event is unacceptable -- generally one with a very high probability of occurrence and high impact.
C. When it can be transferred by purchasing insurance.
D. A risk event can never be avoided.
If a project has an 80% chance of having the scope defined by a certain date and a 70% chance of obtaining approval for the scope by a certain date, what is the probability of both events occurring?
A. 75%
B. 65%
C. 50%
D. 56%
E. 66%