Provide a graduate-level response, utilizing material from the weekly reading, to each of the following questions:
1) What is the purpose of dummy tasks, and on what types of project would you use them for budgeting purposes?
2) Define and describe known knowns, known unknowns, and unknown unknowns. Give one example of each you have encountered on previous projects.
3) Identify and define the eight common risk responses that are used and describe how you might use two or three of them together on a project.
The main body of your initial post should be at least 700+ words and in APA format (including Times New Roman with font size 12). Do not post any title section within the discussion forum.
Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. The textbook needs to be well utilized in answering all of the questions. Other sources are not required but feel free to use them if they aid in your discussion. However, do not substitute other sources for the textbook.