The producers of a new television show are certain that their new show will be a success due to its gripping storyline and star-studded cast.However,they are concerned about exceeding the production budget because of shooting in exotic locations and paying a high salary to the stars.In this scenario,the cost overrun is most likely an example of a(n)_____ risk.
A)functional
B)hierarchical
C)market
D)internal

Question

Quizplus · Accepted Answer

The cost overrun in this scenario is an example of an internal risk because it is related to the internal operations and management of the project, such as budgeting and resource allocation. External factors like market demand or competition (market risk) are not the cause of the concern here.

The Producers of a New Television Show Are Certain That