Projects going over budget and schedule

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Reference no: EM134015260

Question

Someone suggests that they should take the best case, worst case, and most likely case for each project, average them into one score, and then sum all of the risk scores to determine the total amount the company should budget for project risk. What is your response to this concept?

An executive is tired of projects going over budget and schedule and she asks you to plan a project with a 90% chance of success with respect to both time and budget. What is your initial response to this request?

Reference no: EM134015260

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