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

question 37

True/False

Risk management involves identifying, assessing, and responding to project risks in order to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective.

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Definitions:

Environmental Factors

External elements including climate, geography, natural resources, and cultural elements that affect living organisms and human health.

Heritability

The proportion of observable differences in a trait among individuals within a population that are due to genetic differences.

Middle-Class

Refers to a social class between the working class and the upper class, often characterized by moderate income, education level, and occupational prestige.

Flynn Effect

The observed rise over time in standardized intelligence test scores, theorized to reflect a variety of environmental factors.