The Process of Determining Which Risks Might Affect the Project

question 26

True/False

The process of determining which risks might affect the project and documenting their characteristics is known as risk charting.

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Definitions:

Primary Election

A preliminary election where voters decide their party’s candidates for a forthcoming general election.

Expected Number

The anticipated value in a probability distribution, representing the mean of a random variable.

Binomial Distribution

A probability distribution that summarizes the likelihood of a variable, which has only two possible outcomes, across a number of trials.

Normal Approximation

An approach in statistics for estimating the probability of different outcomes under the assumption that the data follow a normal distribution.