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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

Question

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

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Solution

The type of risk that involves the possibility that a project will not produce the results outlined in the project goals is Scope risk.

Scope risk refers to the potential for changes in the project scope that can impact the project's timeline, budget, or performance. If the project scope is not clearly defined, understood, and controlled, the project may not achieve its goals.

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

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.

Risk” usually _______ as the project progresses.

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

As a project manager you are practicing risk management. You have already defined potential risks, determined their likelihood, and prioritized them. Now, you’re making a plan to address and manage each risk. This represents which risk management step?1 pointAnalyze risksTreat risksMonitor and control risksIdentify risks

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