____ risk involves determining the likelihood that the risk event will occur and the degree of impact the event will have on the project objective.
A) Assessing
B) Identifying
C) Response planning
D) Monitoring

Question

Quizplus · Accepted Answer

Assessing risk involves analyzing the probability and impact of each identified risk event. This step is critical in determining the level of priority for each risk and deciding whether to mitigate, transfer, accept or avoid it. Identifying risks (B) is the first step in the risk management process, while response planning (C) comes after assessing the risks. Monitoring (D) involves tracking identified risks, assessing their effectiveness, and updating the risk management plan accordingly.

____ Risk Involves Determining the Likelihood That the Risk Event