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OLga [1]
1 year ago
12

You are the pm for a new development project. you are creating a prioritized list of project risks. which tool would you use?

Business
1 answer:
Umnica [9.8K]1 year ago
7 0

An effective tool for managing risk is a risk assessment matrix, commonly referred to as a risk probability impact matrix or risk PI matrix.

<h3>What is risk PI matrix?</h3>

An effective tool for managing risk is a risk assessment matrix, commonly referred to as a risk probability impact matrix or risk PI matrix. It functions by classifying hazards according to their likelihood of happening and the degree of harm they would cause if they did. The risk management process (RMP) is used by principal inspectors (PI) to record, monitor, and assess the status of existing hazards and the risks that go along with them.

A process, product feature, contract, or other initiative's complexity is measured using a value-risk matrix. The value/risk matrix is helpful for project or product creation, category management, contract management, and sourcing strategy.

A project risk is a hazard that could happen or not during the project. Contrary to what we typically associate with the word "risk," a project risk could either have a positive or negative impact on the progress of the project's goals. Risk management is the process of reducing project risks to ensure that a project is finished on schedule, within budget, and in accordance with its objectives.

To learn more about Risk PI matrix refer to:

brainly.com/question/18524773

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According to the concept of comparative advantage, a good should be produced in that nation where?
snow_lady [41]

According to the concept of comparative advantage, a good should be produced in that nation where its <u>domestic </u><u>opportunity cost</u><u> is the least.</u>

This is further explained below.

<h3>What does the opportunity cost?</h3>

Generally, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

In conclusion, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

Read more about opportunity cost

brainly.com/question/13036997

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complete question

According to the concept of comparative advantage, a good should be produced in that nation where:

A) its domestic opportunity cost is greatest.

B) money is used as a medium of exchange.

C) its domestic opportunity cost is least.

D) the terms of trade are maximized.

7 0
1 year ago
What steps should e taken if the results do not support the hypothesis?
lys-0071 [83]
More information please
6 0
3 years ago
Assume that an economy produces only two goods, pizza and wings. Which of the following are ways to increase the maximum possibl
Effectus [21]

Answer:

A, B, and D

Explanation:

According to my research on production optimization, I can say that based on the information provided within the question all of the answers provided except for improved wing-making technology would maximize the possible number of pizzas produced. This is because each of these answers provides a method of producing more pizza in the same time frame as before.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
__________ indicate such things as when to touch and​ where, when to smile and when to​ frown, and whether loud talking and expa
svet-max [94.6K]
Display rules indicate such things as when to touch and where, when to smile and when to frown, and whether loud talking and expansive gestures or quietness and controlled movements should be used.  All cultures have these and they typically vary even just slightly from one another. These are instilled in us from the beginning and let us know what behavior is acceptable and when. Cultural differences allow people to work together and bounce ideas off of one another, but they most also know how to appropriately interact with different cultures. 
4 0
3 years ago
A trade surplus occurs when the value of imports is__________. A. less than the value of exports. B. government spending is less
Reika [66]

Answer: Option A

         

Explanation: In simple words, trade surplus refers to the economic condition under which a country's value of goods sold to other countries, that is, exports is greater than the value of goods it purchases from other countries ,that is, imports.

Trade surplus is seen as a positive indicator of economic growth as a country in surplus will behaving more money to invest in public core services and wont be spending their tax collections on interest and loans taken by international assignations such as IMF or world bank.

Hence from the above we can conclude that the correct option is A.

5 0
3 years ago
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