The First Phase of a Comprehensive Project Risk Assessment Should

question 69

Multiple Choice

The first phase of a comprehensive project risk assessment should be:

• A) to assess the specific sources of risk at the outset of the project, including the need to fashion appropriate responses.
• B) to make sure the project is well defined, including all deliverables, statement or work, and project scope.
• C) to develop reasonable estimates of the impacts on the project of both the identified risks and the proposed solutions.
• D) to produce a project risk management plan that proactively offers risk mitigation strategies for the project as needed.

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Definitions:

Government

The organization, machinery, or agency through which a political unit exercises authority and performs functions and which is usually classified according to the distribution of power within it.

Remeasurement Gains And Losses

Gains or losses that result from the process of converting the financial statements of a foreign operation into the presentation currency or functional currency.

Unrealized Gains

Gains on investments that have increased in value but have not yet been sold and thus not turned into cash.

Statement

A general term for any kind of financial report or declaration made by a company or an individual.