Question

QUESTION 10

Risk management is an important factor because of expected aspects during system development.

True

False

1 points   

QUESTION 11

Risk planning considers each of the risks that have been identified and develops a strategy to manage the risks.

True

False

1 points   

QUESTION 12

Strategies to handle risks include:

		Avoidance, testing, and contingency plans
		Avoidance, minimization, and contingency plans
		Avoidance, minimization, and balance plans
		Construction, minimization, and contingency plans

1 points   

QUESTION 13

The three(3) parameters you should use when computing the software development costs are:

		Effort, testing, and travel and training
		Effort, hardware and software, and travel and training
		Effort, hardware and software, and implementation
		Analysis, hardware and software, and travel and training

1 points   

QUESTION 14

The price of a software product to a customer is the cost to develop plus profit.

True

False

1 points   

QUESTION 15

Risk management cost are made to discover the cost, to the developer, of producing a software system.

True

False

1 points

Answer 1

11) True

Risk planning deals with the strategies to handle the identified risk.

12) Avoidance, Minimization, contingency plans

Avoidance of risk it to not get into particular activity where you foresee a risk.

Minimization is risk mitigation, how much we could minimize the impact of risk.

Contingency is to be ready for some exceptional risks.

13) Efforts, hardware and software, travel and training

Efforts costs include salaries of people involved in the project, like developers, tester, support staff, administrative staff. And then costs of office space and relevant costs etc.

Hardware and software costs includes systems, laptops and other devices provides plus software costs as companies needs to buy license for most of the soft wares

Travel and training includes travel costs when the project includes people from different sites and training includes costs needed to build up the competency.

14) True

If we say in one liner then yes price is simply cost plus profit. But as discussed above those parameters needs to be considered.