Involves Identifying, Assessing, and Responding to Project Risks in Order

question 33

Multiple Choice

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.

• A)Risk response
• B)Risk management
• C)Risk responsibility
• D)Risk acceptance and avoidance

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Definitions:

Macroeconomics

The branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, including issues like economic growth, inflation, and unemployment.

Normative Statements

Statements that express value judgments or opinions about what ought to be rather than statements of fact.

Positive Theories

Positive theories attempt to describe how the world is, focusing on factual statements and cause-effect relationships without prescribing what actions should be taken.

Congressional Budget Office

The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.