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1. Which of these is an advantage of quantitative risk analysis over qualitative?
A. Easier in time and money.
B. Risk assessment and results are essentially subjective in both process and metrics.
C. A substantial amount of information about the target information and its IT environment must be gathered.
D. A credible basis for cost/benefit assessment of risk mitigation measures is provided.
2. The bottom-most level of the WBS -- the level at which project budget and schedule data are captured -- is called:
a. Work package
b. Code of accounts
c. Budget baseline
d. Change control level
Clearly identify all of the pertinent issues involved in the facts below. Apply the rules of law to the problems and state what your decision will be as judge for a day. Support your answer clearly with reasons. Explain why.
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What is the equilibrium price and quantity in this market?
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