The PMBOK Defines Risk Management as "The Systematic Process of Identifying

question 12

Multiple Choice

The PMBOK defines risk management as "the systematic process of identifying, analyzing, and ________ project risk."

• A) minimizing
• B) communicating
• C) documenting
• D) responding to

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Definitions:

Procedure

A sequence of actions or steps taken to achieve a particular end.

Broad Guideline

General principles or recommendations that provide direction without being overly prescriptive or detailed.

Fixed Budget

A budget that remains constant, regardless of changes in business activity levels, revenues, or expenses.

Allocates

The process of distributing resources or tasks among people or places, typically according to a plan.