What Is the First Step in Developing a Risk Management

question 55

Multiple Choice

What is the first step in developing a risk management plan?

• A) Analyze the risks
• B) Estimate the likelihood of the risks occurring
• C) Identify potential project risks
• D) Develop a risk mitigation plan
• E) Estimate the potential impact of risk on the project goals

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Definitions:

Classical Psychophysical

Relates to the traditional study of the relationships between physical stimuli and the sensations and perceptions they produce.

Sensitivity

The capacity to perceive, feel, or be aware of stimuli or changes in the environment; can also refer to the degree of responsiveness to social or emotional matters.

Weber Fraction

A principle that quantifies the perception of change in a given stimulus, stating that the just noticeable difference is a constant proportion of the original stimulus’s intensity.

Difference Threshold

The smallest amount that a given stimulus must be increased or decreased so that an individual can detect the difference.