A Project with a 65% Risk Factor and a 40

question 101

True/False

A project with a 65% risk factor and a 40% return factor is considered to be low-hanging fruit on the project risk and return matrix.

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Definitions:

Decision Process

The series of steps taken by individuals or organizations to identify and evaluate options and make a choice among them.

Escalation of Commitment

A pattern of behavior in which individuals or groups continue to invest in a decision despite evidence of its ineffectiveness, often due to cognitive biases.

Intuition

A cognitive process that enables people to make decisions without the use of analytical reasoning.

Escalation of Commitment

A behavioral phenomenon where an individual or group continues to invest in a decision despite evidence of its failure, often because of the resources already committed.