BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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time AFTER the deadline with no planned work to catch up
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time BEFORE the deadline with little planned work
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spare time BEFORE the deadline with no planned work
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time AFTER the deadline with little planned work
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Detailed explanation-1: -The most likely time, the time it would take if things go wrong and the time it would take if everything goes perfectly.
Detailed explanation-2: -Contingency planning is defined as a course of action designed to help an organization respond to an event that may or may not happen. Contingency plans can also be referred to as ‘Plan B’ because it can work as an alternative action if things don’t go as planned.
Detailed explanation-3: -A contingent worker is someone who works for an organization without being hired as their employee. Contingent workers may provide their services under a contract, temporarily, or on an as-needed basis.
Detailed explanation-4: -Schedule contingency is defined as an amount of time included in the project or program schedule to mitigate (dampen/buffer) the effects of risks or uncertainties identified or associated with specific elements of the project schedule.