Which of the Following Is Not an Industry Best Practice

question 64

Multiple Choice

Which of the following is not an industry best practice regarding risk management process?

• A) Manage projects by managing their risks.
• B) Create and maintain a census of risks for each project.
• C) Assess each risk for probability and likely cost.
• D) Identify the majority of risks from executive level stakeholders.

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Definitions:

Northern United States

The region of the United States located in the northern part of the country, often characterized by distinct seasonal weather patterns and historical industrial development.

Labor Market

The marketplace where labor services are offered and demanded, determining employment levels and wage rates.

Capital Equipment

Durable goods or assets used in the production of goods or services, often involving significant investment and a long use life.

Equilibrium Rental Price

The rental price at which the quantity of a property demanded by renters equals the quantity of the property supplied by landlords.