In terms of capital budgeting, a project's risk can be looked at on three levels. What are they? There are three types of capital-budgeting risk (Select from the drop-down menus) (1) The project's which is a project's risk ignoring the fact that much of this risk will be diversified away as the project is combined with the firm's other projects (2) The project's which is the amount of risk that the project contributes to the firm as a whole. (3) The project's which is the risk of the project from the viewpoint of a well-diversified shareholder. standing alone risk contribution-to-firm risk systematic risk