_____ determines each identified risk's probability of occurrence and impact on the project.
A) Risk mitigation
B) Risk assessment
C) Risk avoidance
D) Risk analysis
E) Risk monitoring and control

Question

Quizplus · Accepted Answer

Risk analysis is the process that determines the probability of occurrence and the impact of each identified risk on the project. This process helps the project team to prioritize the risks based on their likelihood and impact and take appropriate actions to mitigate or avoid them. Risk assessment, risk mitigation, risk avoidance, and risk monitoring and control are all part of the risk management process but are not specifically focused on determining the probability and impact of each risk.

_____ Determines Each Identified Risk's Probability of Occurrence and Impact