Which Document Should Record the Agreed Amount of Risk Budget

question 124

Multiple Choice

Which document should record the agreed amount of risk budget for a project?

• A) Project Brief
• B) Project Plan
• C) Risk Management Strategy
• D) Risk Register

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Definitions:

Monthly Compounded

Interest calculation method where interest is added to the principal sum of a loan or deposit each month, leading to interest on interest.

Monthly Compounding

Calculation of interest on the principal sum plus any previously earned interest on a monthly basis.

Semiannual Compounding

The process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.

Effective Interest

The actual interest rate earned or paid on an investment or loan over a specified period, taking into account the effect of compounding.