The First Phase of a Comprehensive Project Risk Assessment Should

question 37

Multiple Choice

The first phase of a comprehensive project risk assessment should be:

• A)To assess the specific sources of risk at the outset of the project,including the need to fashion appropriate responses.
• B)To make sure the project is well defined,including all deliverables,statement of work,and project scope.
• C)To develop reasonable estimates of the impacts on the project of both the identified risks and the proposed solutions.
• D)To produce a project risk management plan that proactively offers risk mitigation strategies for the project as needed.

---

Definitions:

Market Attractiveness

An assessment of the potential profitability and growth opportunities in a particular market sector.

GE/McKinsey Grid

A strategic tool used for portfolio analysis, helping businesses prioritize their investments among different business units or product lines.

Business Strength

The distinct advantages or capabilities a company has that give it a competitive edge in the market.