MANAGEMENT GLOBAL 15TH EDITION
STEPHEN P ROBBINS TEST BANK
COMPREHENSIVE STUDY GUIDE 2026
FULL ANSWERS GRADED A+
⩥ Activity. Answer: A portion of work that will be executed as part of
the project to create the specified deliverables. Pg 88
⩥ task. Answer: specific actions taken to complete an activity. Pg 88
⩥ WBS Number. Answer: Used as a coding scheme to associate the
various tasks to activities, deliverables, and the project as a whole. Pg 89
⩥ Risk Breakdown Structure (RBS). Answer: Follows the WBS and
insures that each activity and task in the WBS is reviewed for risk and
opportunity and documented as identified. Pg 95
⩥ Risk Transfer. Answer: A technique used to move the risk of loss to
another party by means of a contract. Pg 95
⩥ Opportunity Acceptance. Answer: An opportunity the we will
welcome and use the benefits to our advantage Pg 95
, ⩥ Opportunity Enhancing. Answer: Involves identifying the root cause
of a positive risk so that you can influence it for a greater likelihood of
the opportunity occurring. Pg 95
⩥ risk register. Answer: a list of potential project-derailing events, how
those they will be monitored, and what action will be taken should the
event occur; include external, technical, and organizational.
⩥ top-down estimation methods. Answer: This approach starts with
identifying every major aspect to the project; approach requires a history
and knowledge of project pricing to accurately estimate.
⩥ Bottom-up estimation methods. Answer: In this style, project
managers tally their costs upward, starting at the bottom and accounting
for each expected cost. In sum, the total costs should equal the finished
project.
⩥ parametric estimating. Answer: Determined by identifying the unit
cost or duration and the number of units required for the project or
activity. Pg 99
⩥ ratio method. Answer: Uses experience from prior projects to estimate
the overall cost of the current project. Pg 99
STEPHEN P ROBBINS TEST BANK
COMPREHENSIVE STUDY GUIDE 2026
FULL ANSWERS GRADED A+
⩥ Activity. Answer: A portion of work that will be executed as part of
the project to create the specified deliverables. Pg 88
⩥ task. Answer: specific actions taken to complete an activity. Pg 88
⩥ WBS Number. Answer: Used as a coding scheme to associate the
various tasks to activities, deliverables, and the project as a whole. Pg 89
⩥ Risk Breakdown Structure (RBS). Answer: Follows the WBS and
insures that each activity and task in the WBS is reviewed for risk and
opportunity and documented as identified. Pg 95
⩥ Risk Transfer. Answer: A technique used to move the risk of loss to
another party by means of a contract. Pg 95
⩥ Opportunity Acceptance. Answer: An opportunity the we will
welcome and use the benefits to our advantage Pg 95
, ⩥ Opportunity Enhancing. Answer: Involves identifying the root cause
of a positive risk so that you can influence it for a greater likelihood of
the opportunity occurring. Pg 95
⩥ risk register. Answer: a list of potential project-derailing events, how
those they will be monitored, and what action will be taken should the
event occur; include external, technical, and organizational.
⩥ top-down estimation methods. Answer: This approach starts with
identifying every major aspect to the project; approach requires a history
and knowledge of project pricing to accurately estimate.
⩥ Bottom-up estimation methods. Answer: In this style, project
managers tally their costs upward, starting at the bottom and accounting
for each expected cost. In sum, the total costs should equal the finished
project.
⩥ parametric estimating. Answer: Determined by identifying the unit
cost or duration and the number of units required for the project or
activity. Pg 99
⩥ ratio method. Answer: Uses experience from prior projects to estimate
the overall cost of the current project. Pg 99
