Mitch is not sure if a risk analysis estimate has been completed. What term is assigned to this situation?
A)Scenario Approximation Fear
B)Uncertainty
C)Scenario Uncertainty Risk
D)Risk Uncertainty and Risk Fear

Question

Quizplus · Accepted Answer

In risk analysis, uncertainty refers to the degree to which you lack confidence in an estimate. This is expressed as a percentage, from 1 to 100 percent. If you have a 30 percent confidence level in something, then it could be said you have a 70 percent uncertainly level. Capturing the degree of uncertainty when carrying out a risk analysis is important because it indicates the level of confidence the team and management should have in the resulting figures.

Mitch Is Not Sure If a Risk Analysis Estimate Has