The probability that funds allocated to the project will be insufficient to complete it is:
A) Technical risk.
B) Cost estimate risk.
C) Financing risk.
D) Operating risk.

Question

Quizplus · Accepted Answer

Cost estimate risk refers to the risk that the project budget and funding allocation are inadequate to complete the project successfully. This type of risk may occur due to inaccurate cost estimates or unforeseen expenses during project execution. Therefore, option B is the best choice. Technical risk refers to the risk of failure in technology or design aspects. Financing risk refers to the risk of inadequate financing or funding for the project, and operating risk refers to the risk of losses due to operational failures or disruptions.

The Probability That Funds Allocated to the Project Will Be