Risk is a measure of the probability and consequences of not reaching a defined project goal.

Question

Quizplus · Accepted Answer

Risk involves assessing the likelihood and impact of uncertainties that could affect the outcome of a project, and understanding the potential consequences if those risks were to materialize. Therefore, risk is directly related to the likelihood of not achieving a project goal, as well as the potential impact of that outcome.

Risk Is a Measure of the Probability and Consequences of Not