Which of the Following Accurately Describes Risk in Project Management

question 31

Multiple Choice

Which of the following accurately describes risk in project management?

• A) The impact of risk may be positive or negative.
• B) Some projects are void of risk.
• C) Risk assessment should remain objective and uninfluenced by stakeholder priorities.
• D) Project managers should always be risk averse

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Definitions:

Rational Choice

is a theoretical framework that assumes individuals make decisions by considering the potential costs and benefits of different options to maximize their advantage.

Decision Making

The process of selecting the best course of action from several alternatives to achieve a specific goal.

Product-Development Activities

The series of tasks involved in designing, creating, and bringing a new product to market.

Cash Flow Problems

Arise when an organization struggles to maintain sufficient cash inflows to meet its outgoing financial obligations.