Jeff, a Key Stakeholder in Your Project, Wants to Know

question 158

Multiple Choice

Jeff, a key stakeholder in your project, wants to know how the risk exposure for the risk events is calculated during quantitative risk analysis. He is worried about the risk exposure which is too low for the events surrounding his project requirements. How is the risk exposure calculated?

• A) The probability of a risk event plus the impact of a risk event determines the true risk expo sure.
• B) The risk exposure of a risk event is determined by historical information.
• C) The probability of a risk event times the impact of a risk event determines the true risk exposure.
• D) The probability and impact of a risk event are gauged based on research and in-depth analysis.

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Definitions:

Highly Successful Business

A business that achieves significant achievements in areas like profitability, market share, and customer satisfaction, often exhibiting strong leadership, innovation, and strategic planning.

Pasta Shops

Retail establishments specializing in the sale of pasta and possibly related Italian food products and ingredients.

Functions Of Management

The primary roles in managing an organization, typically including planning, organizing, leading, and controlling to achieve business objectives.

Planning

The process of outlining a course of action or strategy to achieve a specific goal or set of objectives.