The Use of Facts and Assumptions to Estimate the Probability

question 41

Multiple Choice

The use of facts and assumptions to estimate the probability of harm to human health or the environment is called

• A)negligible risk.
• B)risk management.
• C)sustainable development.
• D)risk assessment.

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Definitions:

Project Management

The application of processes, methods, skills, knowledge, and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

Budgetary Responsibility

The obligation to manage financial resources within the limits of an approved budget in an organization.

Overall Planning

The comprehensive process of setting goals, defining strategies to achieve those goals, and developing tasks and schedules to implement the strategies.

Overall Supervision

The comprehensive oversight and direction of activities and processes within an organization to ensure goals are met.