The producers of a new television show are certain that their new show will be a success due to its gripping storyline and the star-studded cast. However, they are concerned about exceeding their production budget due to shoots that are set in exotic locations and the high pay that some of the stars are demanding. This cost overrun would be an example of a(n) _____ risk.
A) functional
B) hierarchical
C) market
D) internal

Question

Quizplus · Accepted Answer

This scenario pertains to internal risk, specifically the risk that execution or operation of the project could face problems due to issues like budget concerns, team dynamics, or resource constraints. In this case, the concern over exceeding production budget is an internal risk factor that the producers need to mitigate to ensure the success of their show.

The Producers of a New Television Show Are Certain That