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Which of the following approaches is most likely to increase project risk?

You are the project manager of the NHQ project. This project is scheduled to last for six months
and will require $345,000 to complete. If the project completes earlier than scheduled, your
organization will receive a bonus of $5,000 per day for the early completion. Management has
asked you to develop an aggressive schedule to realize as much of the bonus as possible, but you
must be careful not to increase project risk beyond an acceptable level of risk exposure. Which of
the following approaches is most likely to increase project risk?

What is this project’s planned value?

You are the project manager of the GHY Project. This project is scheduled to last for one year and
has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are
supposed to be at your second milestone, which accounts for half of the project completion. There
have been some errors in the project, which has caused you to spend $2,073,654. What is this
project’s planned value?


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