Risks can be prioritized based on
A) the likelihood of occurrence and degree of impact.
B) the project team member that identified the risk.
C) the amount of time the project team has to manage the risk.
D) the amount of funds planned to manage the risk.

Question

Quizplus · Accepted Answer

Prioritizing risks based on the likelihood of occurrence and degree of impact is the most effective way to manage them. By considering the probability of a risk happening and the impact it would have on the project, the team can focus their efforts on addressing the most critical risks first. The other options listed do not provide a meaningful way to prioritize risks.

Risks Can Be Prioritized Based on