SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
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Question 62 of 100Question ID:613767During project risk planning, the project manager and the team are trying to decide whether to invest $10 million to develop new software or to instead invest $5 million to upgrade the existing software. The team is uncertain how strong will demand be for their product and, therefore, must account for this uncertainty in their analysis.What would be the best tool for the project manager to use in this case?
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ATornado diagram
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BMonte Carlo analysis
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CInfluence diagram
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DDecision tree analysis
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Explanation:
Detailed explanation-1: -Explanation: Avoiding customer complaints is not a project management goal.
Detailed explanation-2: -to be the sole source of expertise for estimating techniques on cost and time. to deliver the project objectives to enable benefits to be realised. to take ultimate accountability for the delivery of the business benefits. More items •11-Aug-2020
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