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.

Question

Quizplus · Accepted Answer

Deploying different risk management strategies at various points in the project life cycle ensures that all possible risks are identified and managed effectively. This dynamic approach to risk management ensures that risks are continuously monitored and managed throughout the project, rather than relying on a pre-determined set of tools or an ad hoc approach. The choice to transfer risk should be made after careful consideration of the potential consequences and impact on the project.

Which of These Statements About the Project Risk Analysis and Management