Define a risk as it relates to project management.1 pointA risk is a measurement that estimates the potential impact of events that could occur in the future.A risk is a measurement that estimates the impact of known problems.A risk is an event that might occur and could impact a project in the future.A risk is a known problem that has already impacted a project.

Fill in the blank: Risk management is the process of _____.1 pointidentifying and evaluating potential risks and issues that could impact a projectidentifying and initiating projects that have a low potential for riskidentifying and avoiding projects that have a high potential for riskidentifying and mitigating risks and issues that are already impacting a project4.Question 4

What is the difference between a risk and an issue in project management?1 pointAn issue is a known problem; a risk is an event that might happen in the futureRisks and issues are both events that might happen in the future, but they could affect projects to different degrees.Risks and issues are both known problems, but they affect projects to different degrees.A risk is a known problem; an issue is an event that might happen in the future3.Question 3

The Three attributes of project risk are _________, ___________ and ___________.a.What might happen, who it happens to, and how much will it costb.Risk cost, quality, controlc.Notification, frequency of relevant events, probability of occurrenced.Risk event, probability occurrence, the amount at stakee.Quality, risk planning, total number of risk events

Risk Management: Identifying potential risks and developing strategies to mitigate them. This helps in minimizing the impact of uncertainties on the project

Which type of risk involves the possibility that a project will not produce the results outlined in the project goals?1 pointBudget riskScope risk Environmental riskTime risk