Risks are prioritised based on
A)the likelihood of occurrence and degree of impact.
B)the order they are identified.
C)the gut feeling of the project team.
D)the priorities set in a different project.

Question

Quizplus · Accepted Answer

Prioritizing risks based on the likelihood of occurrence and degree of impact is a widely accepted and recommended approach as it helps in identifying the most critical risks that need immediate attention and mitigation. Other options such as ordering them as they are identified or relying on the gut feeling of the project team may result in overlooking important risks or overemphasizing less critical ones. Priorities set in a different project may not be applicable to the current project and thus do not serve as a reliable basis for risk prioritization.

Risks Are Prioritised Based on