_____involves determining the likelihood and project impact of a risk.
A) risk identification
B) risk assessment
C) risk planning
D) risk monitoring and control
E) risk evaluation

Question

Quizplus · Accepted Answer

Risk assessment involves analyzing identified risks to determine their likelihood and potential impact on a project. It is an essential step in developing a risk management plan as it helps to prioritize risks and allocate resources appropriately. Risk identification is the process of identifying potential risks, risk planning involves developing strategies to mitigate risks, and risk monitoring and control involve tracking and managing identified risks. Risk evaluation involves assessing the overall effectiveness of the risk management process.

_____Involves Determining the Likelihood and Project Impact of a Risk