Your Project Has Several Risks That May Cause Serious Financial

question 67

Multiple Choice

Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

• A) Risk response plan
• B) Quantitative analysis
• C) Risk response
• D) Contingency reserve

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Definitions:

Moderator

A variable that affects the strength or direction of the relationship between an independent and a dependent variable in statistical analyses.

Debate Topic

A point of discussion chosen for a structured exchange of arguments and counterarguments between parties with differing views.

Arguments

Reasons or sets of reasons provided to persuade others that an action or idea is right or wrong.

Stereotype

A fixed and overgeneralized belief about a particular group or class of people, often leading to prejudgment.