Business, 12.08.2020 06:01 merzedes

When a deliverable arrived, Craig met with the team member responsible for ordering the deliverable to confirm it was the correct model and size.

Which of the following project elements was Craig monitoring in this scenario?

a. Budget
b. Schedule
c. Scope
d. Risk

Answers: 1

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In the example above when deliverable came and Craig met with the team member for ordering confirming whether the model and size was correct, Craig was monitoring Risk. So the correct option is D.

Risk refers to the possibility chances that the desired or the expected result will be obtained from the activities that are undertaken. Risk is directly related to the reward of such activity.

In the example above where Craig confirms whether the model and size of goods arrived were correct with the help of the team member who ordered such deliverable, risk was being monitored.In this case the risk can be denoted by value of 1 as the chances of getting the correct model and size are equal with chances of getting the incorrect model and size. Risk can be denoted by beta .

$\rm Risk = \beta$

Monitoring of risk is an important aspect so as to ensure whether the activities undertaken for the benefit of the business are standing true to their efforts or not.

Hence, the correct option is D that Craig was monitoring risk by checking the deliverable was correct in terms of model and size with the help of a team member.

To know more about risk monitoring, click the link below.

link

Answer from: pandagirl710

Project Element Craig Monitored in this scenario:

d. Risk

Explanation:

The element of the project that Craig monitored ensures that the deliverable conforms with the correct model and size because there is the risk that this could not conform if a deliverable was not not checked with the team member who ordered the deliverable. Since higher risks of deliverables not conforming to model and size would render the whole project unsuccessful, Craig has to meet with the team member responsible. In order words, the meeting between Craig and the team member for confirmation of correct model and size eliminates the risks of non-conformance.

Answer from: Quest

answer; normative economics;

Answer from: Quest

answercombination of ability and experience of the partners;

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