Asked by
Michele Blockinger
on Oct 19, 2024
Verified
The sudden unavailability of key individuals on the project is an example of _____ risks.
A) people
B) cost
C) schedule
D) client
E) contractual
Contractual Risks
The potential for losses or liabilities arising from the terms and conditions of a contract, including breaches, misinterpretations, and the failure of parties to fulfill their obligations.
People Risks
Risks associated with the individuals involved in a project or business, such as skill shortages, personality conflicts, or turnover.
Cost Risks
Potential financial uncertainties that could impact the budget of a project or investment, leading to potential overruns or losses.
- Attain knowledge on the essential components of risk management, involving the process of identifying, evaluating, minimizing, and sharing risks.
Verified Answer
LS
Learning Objectives
- Attain knowledge on the essential components of risk management, involving the process of identifying, evaluating, minimizing, and sharing risks.