In IT Projects, Risk Can Be Defined as a Function

question 6

Multiple Choice

In IT projects, risk can be defined as a function of the project ________ and the likelihood of an event occurring.

• A) plan
• B) impact
• C) probability
• D) schedule

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Definitions:

Customers Served

A measure of how many clients or customers a business, organization, or service has provided for in a given period.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.

Production Possibilities

The different combinations of goods and services that an economy can produce given its available resources and technology.

Average Product

A metric that measures output per unit of a variable input, calculated by dividing total production by the quantity of the variable input.