The Chances of a Risk Event Occurring as a Project

question 95

Multiple Choice

The chances of a risk event occurring as a project proceeds through its life cycle tend to

• A) slowly rise.
• B) drop sharply and then level out.
• C) rise sharply and then level out.
• D) remain about the same.
• E) slowly drop.

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Definitions:

Competitive Strategy

A long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry.

Operating Budget

A comprehensive forecast that outlines expected revenue from sales and all anticipated expenses over a specific time frame, typically one year.

Sales Budget

An estimate of the amount of revenue that will be generated from sales during a specific period.

Budget Slack

The intentional allocation of extra resources in a budget beyond what is strictly needed, providing a cushion for unexpected situations.