1. If an organization in which project is being undertaken has risk department or section, project manager need not be concerned with risk in project as this is the job of risk department. Describe why this statement is true or false. Describe your reasoning.
2. In this course instructor has emphasized that Time, Cost, Quality, and Scope comprise inter-related, dependent system, resulting in system with three (3) degrees of freedom (N-1). Describe this relationship and why statement is or is not true, and expound on relationship of four variables as they associate to project management.
3. Project manager's effectiveness is limited by validity, thoroughness, reliability, and honesty of performance measurement system employed and in thoroughness, validity, and stability of measurement baseline used. Is this true statement? Explain why or why not? Give explanation to your reasoning fully.
4. Project planning require only be one-time exercise to get the idea of project and its major ramifications. As there are so many variables in the project, anything but cursory planning is waste of effort. Explain both statements above. Address veracity of statements and thoroughly explain your reasoning.