Which of These Statements About the Project Risk Analysis and Management

question 20

Multiple Choice

Which of these statements about the project risk analysis and management program is BEST?

• A)If a choice between accepting and transferring risk presents itself,risk should be transferred.
• B)Different risk management strategies should be deployed at various points in the project life cycle.
• C)The project manager should choose a small subset of all risk management tools.
• D)Risk management is best handled using an ad hoc approach.

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Definitions:

Ethical Duty

An obligation to adhere to moral principles and conduct, typically within a professional context, ensuring fairness, honesty, and integrity.

Model Rules

Standardized rules or guidelines developed to serve as a template or benchmark for legal or professional conduct.

Greenhouse Gases

Gaseous compounds in the Earth's atmosphere that trap heat, contributing to the greenhouse effect and global climate change.

Motor Vehicle

A self-propelled vehicle used for transportation on roads, such as cars, motorcycles, and buses.