A project risk refers to ______.
A)the potential that the project may not be awarded to a company that is bidding for it
B)the potential of any event that can adversely affect the feasibility of a project
C)the potential for project costs to be significantly less than budgeted
D)the potential for project time to be significantly less than scheduled

Question

Quizplus · Accepted Answer

A project risk refers to any potential event or situation that could have a negative impact on the ability to achieve project goals, objectives or deliverables. It can be anything from changes in regulations, to economic downturns, to technical difficulties, or even vendor failure. Option A is more related to a procurement risk, while options C and D refer to budgeting and scheduling risks, respectively.

A Project Risk Refers to ______