Project risk...

Select one:

a. focuses primarily on project cost and budget, because money is the most important driver of any project

b. can never exceed 50% probability of failure, otherwise it's clear the project is more likely to fail right from the beginning

c. focuses primarily on project schedule and duration, because time is the most important driver of any project

d. can be defined as the effect of uncertainty on the achievement of project objectives.

Risk tolerance is:

Select one:

a. one way to simply overcome project risks.

b. the degree or amount of risk that an organizationwill accept

c. a dangerous concept to be avoided in most project environments

d. a concept to be encouraged and adopted for best project management practices.

For any practical project, we can never totally eliminate project risk.

Select one:

True

False

In modern project management methodology, an organization's risk tolerance can be viewed as:

Select one:

a. a legal requirement for conducting enterprise projects.

b. a sign of strength that the organization is well prepared for project challenges

c. one of multiple possible Enterprise Environmental Factors (EEFs)

d. a sign of weakness and unpreparedness of the organization

The risk appetites, tolerances, and thresholds of most organizations are usually stable and readily apparent with simple observation.

Select one:

True

False