Question: 1. __________ risk involves determining the likelihood that the risk event will occur and the degree of impact the event will have on the project

1. __________ risk involves determining the likelihood that the risk event will occur and the degree of impact the event will have on the project objective.

a. Assessing

b. Response planning

c. Identifying

d. Monitoring

2. Which factor, that may influence an organization's risk attitude, involves the degree of uncertainty an entity is willing to take on in anticipation of a reward?

a. Risk response

b. Risk tolerance

c. Risk appetite

d. Risk threshold

3. During which process do you establish the definitions of probability?

a. Identify risks

b. Plan risk management

c. Plan risk response

d. Control risks

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ANSWER 1 b Response planning The risk response is also a way to put a contingency plan into action That is have a Plan B when you cant proceed the way ... View full answer

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