The team has an approved charter and has started planning, determining potential risks that could occur on the project. Which of the following best describe project risk?

The correct answer is C. It can be either a negative or positive event. Per the PMBOK Guide, a project risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives. Negative risks are called threats; positive risks are called opportunities. Risk management addresses both. Option A and B are…

Program Life Cycle Management

Question

Options

AIt can be a negative event only
BIt can be a positive event only
CIt can be either a negative or positive event
DIt can be something that has already happened

How the community answered

(39 responses)

A
3% (1)
B
3% (1)
C
90% (35)
D
5% (2)

Explanation

Per the PMBOK Guide, a project risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives. Negative risks are called threats; positive risks are called opportunities. Risk management addresses both. Option A and B are incomplete. Option D is incorrect because risk is future-oriented - once an event has already happened, it is an issue, not a risk.

Topics

#Project Risk Definition#Risk Management#Threats and Opportunities#Program Planning

Community Discussion

No community discussion yet for this question.

Full PGMP Practice