How can uncertainties affect a project

Reference no: EM13696685

How can uncertainties affect a project? What impact can an unfavourable uncertainty and a favourable uncertainty have on a project? Provide examples. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Reference no: EM13696685

Questions Cloud

Supply side-monetarist or mainstream : Identify the normative policy school (Keynesian, New Classical, Supply side, Monetarist, or Mainstream) which most closely represents your own normative policy views? Defend your position and offer at least one counter argument against the alternativ..

What is the nash equilibrium for the one-shot game : Target and Kmart are engaging into the following one-shot game: if Target advertises and Kmart does not, Target will make $20 million in profits and Kmart will make $6 million. If Kmart advertises and Target does not, Target will make $2 million and ..

Implement a strategy to address possible risk factors : Explain why it is important to plan for uncertainties and how to implement a strategy to address possible risk factors. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your r..

How will this affect the costs that forest service incurs : Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price?

How can uncertainties affect a project : How can uncertainties affect a project? What impact can an unfavourable uncertainty and a favourable uncertainty have on a project? Provide examples. Your response should be at least 200 words in length.

Describe the information asymmetry : Soft selling occurs when a buyer is sceptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose you're trying to sell a company a new accounting system that will reduce costs by 1..

What are the three risk dimensions a project team : What are the three risk dimensions a project team needs to address when assessing for project uncertainties? What are possible sources that can affect project uncertainty?

Gaither entered into a contract with a nonprofit corporation : Gaither entered into a contract with a nonprofit corporation whereby Gaither would receive $700 per month while in medical school, provided that he would return to his small hometown, Chester, to practice medicine for ten years after becoming a licen..

Boyce contracts to build a house for anne : Boyce contracts to build a house for Anne. Pursuant to the contract, Boyce and his surety, Travelers, execute a payment bond to Anne by which they promise Anne that all of Boyce’s debts for labor and materials on the house will be paid.

User Account

All Pages