Risks are evaluated in terms of
A) likelihood and cost.
B) cost and schedule.
C) impact and cost.
D) time and impact.
E) likelihood and impact.

Question

Quizplus · Accepted Answer

Risks are evaluated in terms of likelihood (the probability of the risk occurring) and impact (the effect on project objectives if the risk occurs). This helps in prioritizing risks and deciding on the appropriate risk response strategies.

Risks Are Evaluated in Terms of