A measure used when assessing risk in a project equal to the product of likelihood,impact and detection of risk events best defines
A)risk detection percentage.
B)risk detection score.
C)risk assessment score.
D)risk priority number.

Question

Quizplus · Accepted Answer

The measure used in assessing risk in a project equal to the product of likelihood, impact, and detection of risk events is referred to as the risk priority number. This is a numerical scoring system used to determine the severity of risks and prioritize them based on their potential impact. The higher the risk priority number, the higher the priority given to managing the risk. Choices A, B, and C are not accurate descriptions of this measure.

A Measure Used When Assessing Risk in a Project Equal