____ Is a Rating of Low, Medium, or High Based

question 8

Multiple Choice

____ is a rating of low, medium, or high based upon the expected probability of a risk occurring during the project.

• A) The action trigger
• B) The priority order
• C) The mitigation plan
• D) The likelihood of occurrence

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Definitions:

Innovation

The process of creating, developing, and implementing new ideas, processes, or products that bring significant improvements or create value.

Flexibility

The quality of being adaptable or variable, able to change or be changed according to circumstances.

Conservative Realism

An approach or mindset that emphasizes pragmatism and practicality, often prioritizing traditional methods and realism over radical changes or idealism.

Creative Idealism

The belief in pursuing innovative and idealistic solutions that go beyond conventional thinking, driven by creativity and optimism.