Risk should be assessed based on and risk is

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Reference no: EM131438571

1. Risk should be assessed based on:

a. Probability and impact

b. Stakeholder priority

c. Scope management approvals

2. Risk is:

a. An uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives

b. A certain event, with no resolution that may impact the success of the project

c. Modifications to the originally agreed project charter

d. The mitigation of negative events

3. A Decision Tree can be used to determine:

a. The mitigation and related contingency plan

b. The cost of risk mitigation

c. Which option is most likely to have the best result

d. The net gain of the risk return

Reference no: EM131438571

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