Risks are prioritized based on
A) the likelihood of occurrence and degree of impact.
B) the order they are identified.
C) the gut feeling of the project team.
D) the priorities set in a different project.

Question

Quizplus · Accepted Answer

Risks should be prioritized based on the likelihood of occurrence and the degree of impact they would have on the project if they were to occur. This allows project teams to focus on the most significant risks that are likely to occur, ensuring that appropriate risk responses are developed and implemented. Prioritizing risks based on other factors, such as the order they are identified or the gut feelings of the project team, can result in ineffective risk management and jeopardize the success of the project. Priorities set in a different project may not be relevant to the current project, so they should not be used to prioritize risks.

Risks Are Prioritized Based on