Risk management involves identifying, assessing, and responding to project risks to
A) add extra costs to the project
B) pass the expense of the risks to the customer
C) reduce the likelihood of occurrence and their potential impact
D) inform the project team so they can ignore the consequences

Question

Quizplus · Accepted Answer

Risk management aims to reduce the likelihood of risks occurring and their potential impact on the project. Adding extra costs or passing the expense to the customer is not a desirable outcome of risk management. Ignoring the consequences of risks is not a responsible approach to project management.

Risk Management Involves Identifying, Assessing, and Responding to Project Risks