Risk Management Involves Identifying, Assessing, and Responding to Project Risks

question 43

True/False

Risk management involves identifying, assessing, and responding to project risks in order to minimise the likelihood of occurrence and/or potential impact of adverse events on the achievement of the project objective.

---

Definitions:

Directive Leadership

Involves setting clear objectives, providing specific directions, and expecting compliance from team members.

Performance Standards

Benchmarks or expectations for employees' behavior and outcomes, used to measure their work quality and effectiveness.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on their expectations of rewards.

Leader Style

Refers to the characteristic ways in which a leader behaves in order to influence the members of a group toward a goal.