Risks Are Prioritised Based on

question 31

Multiple Choice

Risks are prioritised based on

• A)the likelihood of occurrence and degree of impact.
• B)the order they are identified.
• C)the gut feeling of the project team.
• D)the priorities set in a different project.

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Definitions:

Process Costing

An accounting methodology used to allocate costs to units of product in processes where the products are indistinguishable from each other.