When risk responses are being considered, the costs and benefits of options may play a major role in the final decision.

Question

Quizplus · Accepted Answer

The costs and benefits of risk response options are important factors to consider when making a decision, as they may affect the overall effectiveness and feasibility of the chosen response strategy. Project managers should weigh the potential benefits of a certain response against the associated costs and risks, to ensure that they choose the most appropriate and cost-effective option for the project.

When Risk Responses Are Being Considered, the Costs and Benefits