Risk Management Involves Identifying, Assessing, and Responding to Project Risks

question 50

Multiple Choice

Risk management involves identifying, assessing, and responding to project risks to

• A) add extra costs to the project
• B) pass the expense of the risks to the customer
• C) reduce the likelihood of occurrence and their potential impact
• D) inform the project team so they can ignore the consequences

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle.

Discounted Note

A type of debt instrument that is sold or redeemed for less than its face value but whose actual value matures to the full face amount at a later date.

Face Value

The nominal or original value stated on a financial instrument, such as a bond or stock certificate.

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.