Risk Is Composed Not Only of the Probability That the Strategy

question 29

True/False

Risk is composed not only of the probability that the strategy will be effective but also of the amount of assets the corporation must allocate to that strategy and the length of time the assets will be unavailable for other uses.

---

Definitions:

Measurable Criterion

A quantifiable or assessable standard used to evaluate the success or effectiveness of a program or project.

Training Objective

The specific goal or outcome that a training program aims to achieve, which guides the development, delivery, and evaluation of the training.

RFP

Request For Proposal, a document that solicits bid proposals from potential suppliers or contractors for a specific project or service.

Training Needs

The gap between current capabilities and the skills required for a specific job or task, which can be identified through an analysis to inform targeted training programs.