Assignment :
Instructions:
Please answer the below questions. Your responses should be between 100 and 150 words, double-spaced, and follow the American Psychological Association (APA) Publication Manual, 6th Edition.
Questions:
1. What is the difference between avoiding a risk and accepting a risk?
2. What is the difference between mitigating a risk and contingency planning?
3. Explain the difference between budget reserves and management reserves.
4. What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other?
5. What are the major types of costs? Which costs are controllable by the project manager?