Asked by
Cossi Adjovi
on Oct 19, 2024
Verified
Which of the following is true about risk?
A) Project risk focuses on identifying, assessing, and eliminating the risks on the project.
B) Risk management is all about eliminating risk.
C) Project risk is an uncertain event that, even if it occurs, has no effect on project objectives.
D) There are no risk-free projects.
E) Risk management involves identification, evaluation, and elevation of risk.
Risk Management
The process of identifying, assessing, and controlling threats to an organization's capital and earnings.
Project Risk
Any uncertain event or condition that, if it occurs, may have a positive or negative effect on a project's objectives.
Eliminating Risk
The process of removing potential threats or uncertainties that could negatively impact a project's objectives or outcomes.
- Grasp the essentials of risk management including identification, evaluation, mitigation, and sharing.
Verified Answer
CG
Learning Objectives
- Grasp the essentials of risk management including identification, evaluation, mitigation, and sharing.