1. Write down kinds of risks are inherent in the project? Where do they originate? Describe can they be mitigated? How? Write down the consequences of ignoring conflict in project team?
2. What is the significance of variance to project budget, schedule, or specification? How does PM determine root cause of variance? Is there acceptable variance? Is variance ever acceptable? Explain why or why not?
3. Describe the concept of earned value? What real life examples would show earned value concept? How does this approach to performance measurement vary from simply tracking cost or schedule?