There Are at Least Four Types of Project Risk Specifically

question 44

True/False

There are at least four types of project risk specifically associated with IS projects.

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Definitions:

Devil's Advocate

A person who expresses a contentious opinion or takes a position they do not necessarily agree with, for the sake of debate or to explore the thought process behind opposing viewpoints.

Subjective Probabilities

Individual assessments or beliefs about how likely events are to occur, based on personal judgment rather than objective data.

Objective Probabilities

Quantifiable likelihood or chance of an event occurring, based on statistical and empirical evidence rather than subjective judgment.

Probabilities

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.