Asked by Jordan Novak on May 19, 2024
Verified
Which of the following is NOT true about project risk?
A) Risk exists on all projects.
B) The likelihood that all the potential events identified in the risk analysis will occur is very high.
C) The type and amount of risk varies by industry type, complexity, and phase of the project.
D) People have different comfort levels with risk, and some members of the project team will be more risk averse than others.
E) Many industries or companies have risk checklists developed from past experience.
Project Risk
Project risk refers to the potential events or conditions that could impact a project's objectives, timeline, or resources negatively if they occur.
Risk Analysis
The process of identifying, assessing, and prioritizing risks to the project and planning for potential mitigation.
Industry Type
Classifications of various sectors of the economy based on the primary activity they engage in, such as manufacturing, services, or technology.
- Detail the components, such as risks and quality benchmarks, vital for effective project management.
Verified Answer
Learning Objectives
- Detail the components, such as risks and quality benchmarks, vital for effective project management.
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