Which of the following is NOT true about project risk?
A) Risk exists on all projects.
B) The likelihood that all the potential events identified in the risk analysis will occur is very high.
C) The type and amount of risk varies by industry type, complexity, and phase of the project.
D) People have different comfort levels with risk, and some members of the project team will be more risk averse than others.
E) Many industries or companies have risk checklists developed from past experience.

Question

Quizplus · Accepted Answer

The likelihood that all the potential events identified in the risk analysis will occur is not very high. Risk analysis is done to identify potential events that may occur, but the likelihood of all those events happening is not high. Rather, the purpose of risk analysis is to identify potential risks and develop strategies to mitigate or manage them.

Which of the Following Is NOT True About Project Risk