This is an estimation of the likelihood that the risk will materialize and affect the project.
A) Mitigation
B) Consequence
C) Probability
D) Elimination

Question

Quizplus · Accepted Answer

Probability is the estimation of the likelihood that a risk will occur and affect the project. Mitigation refers to reducing the impact of the risk if it were to occur, consequence refers to the result or outcome of the risk materializing, and elimination refers to completely removing the risk from the project. However, none of these options specifically relate to the estimation of the likelihood of the risk occurring.

This Is an Estimation of the Likelihood That the Risk