CGRC · Question #721
CGRC Question #721: Real Exam Question with Answer & Explanation
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Question
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? Response:
Options
- ARisk avoidance
- BMitigation-ready project management
- CRisk utility function
- DRisk-reward mentality
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