You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?
Risk avoidance
Mitigation-ready project management
Risk utility function
Risk-reward mentality
Correct answer: C
Question 2
Where can a project manager find risk-rating rules?
Risk probability and impact matrix
Organizational process assets
Enterprise environmental factors
Risk management plan
Correct answer: B
Question 3
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?