Risk responses are developed based upon ___.Multiple choice question.risk assessment classifications.project cost.project cost and timing.project timing.
Question
Risk responses are developed based upon ___.Multiple choice question.risk assessment classifications.project cost.project cost and timing.project timing.
Solution
The correct answer is "risk assessment classifications."
Risk responses are developed based on the results of risk assessments, which classify risks in terms of their potential impact and the likelihood of their occurrence. This allows for the development of strategies to mitigate, avoid, transfer, or accept the risk. Project cost and timing can be factors considered in the risk assessment and response development, but the responses are primarily based on the risk assessment classifications.
Similar Questions
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
Multiple Choice QuestionWhat term is used to describe the documents needed to develop an adequate risk response control plan?Multiple choice question.Project Scope.Work Breakdown Structure Dictionary.Work Breakdown Structure.Risk Register.
Risk Management entails all the processes involved in identifying, assessing, analyzing, responding and controlling project risk.Question 1Answera.yesb.agreec.nod.disagree
Risk” usually _______ as the project progresses.
Multiple Choice QuestionWhat is required in order for risk response control to succeed?Multiple choice question.Documentation of responsibilityWork Breakdown Structure dictionaryMitigation of risk likelihood
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.