involves identifying, assessing, and responding to project risks in order to minimise the likelihood of occurrence and/or potential impact of adverse events on the achievement of the project objective.
A)Risk response
B)Risk management
C)Risk responsibility
D)Risk acceptance and avoidance

Question

Quizplus · Accepted Answer

The process described in the statement is risk management, which involves identifying, assessing, and responding to project risks in order to minimise their impact on the project's objective. Risk response refers to the actual strategies put in place to address identified risks, while risk responsibility and risk acceptance and avoidance are not complete descriptions of the overall risk management process.

Involves Identifying, Assessing, and Responding to Project Risks in Order