Which types of project tends to have more well-understood risks?

The correct answer is C. Recurrent projects. Recurrent projects - those that are performed repeatedly, such as annual system upgrades, routine construction builds, or regular product releases - tend to have more well-understood risks. This is because organizations accumulate historical data, lessons learned, and risk regist

Risk Strategy and Planning

Question

Options

AOperational work projects
BFirst-of-its kind technology projects
CRecurrent projects
DState-of-art technology projects

How the community answered

(32 responses)

B
3% (1)
C
94% (30)
D
3% (1)

Explanation

Recurrent projects - those that are performed repeatedly, such as annual system upgrades, routine construction builds, or regular product releases - tend to have more well-understood risks. This is because organizations accumulate historical data, lessons learned, and risk registers from previous iterations of similar projects, allowing teams to anticipate risks with greater accuracy. In contrast, first-of-its-kind technology projects and state-of-the-art technology projects face high uncertainty and unknown unknowns. Operational work is not project-based by definition, so it doesn't accumulate project risk knowledge in the same structured way.

Topics

#Project types#Risk characteristics#Recurrent projects#Risk understanding

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