Title: Project Management: Chapter 7 Questions from Larson & Gray (2010) Textbook 

Questions

2) The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager?

4) What is the difference between mitigating a risk and contingency planning?

5) Explain the difference between budget reserves and management reserves.

6) How is the work breakdown structure and change control connected?

7) What are the likely outcomes if a change control process is not used? Why?

The questions are from the below textbook:

Larson, E., & Gray, C. (2010). Project management: The management process (5th ed.). New York City, NY: McGraw-Hill Education.

Number of words: 470