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Risk responses are developed based upon ___.Multiple choice question.risk assessment classifications.project cost.project cost and timing.project timing.

Question

Risk responses are developed based upon ___.

  • risk assessment
  • classifications
  • project cost
  • project cost and timing
  • project timing
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Solution

Break Down the Problem

  1. Identify the key components in the question: risk responses, and the factors they are developed based upon.
  2. Analyze the provided answer choices.

Relevant Concepts

  • Risk responses are typically created after understanding the risk environment, which includes assessing various factors that can affect the project.

Analysis and Detail

  1. Risk Assessment Classifications: This option implies that responses are based on understanding the type and level of risks identified during the assessment phase.
  2. Project Cost: This option indicates that responses might be developed based on the financial implications of the risks.
  3. Project Cost and Timing: This suggests a combined approach considering both financial and scheduling aspects.
  4. Project Timing: This option indicates that only the scheduling aspect is considered for risk response development.

Verify and Summarize

  • The most comprehensive choice that encompasses a variety of risk factors is Project Cost and Timing, as it not only considers the financial aspects but also the timing of the project, which are both critical in risk management.

Final Answer

Project Cost and Timing

This problem has been solved

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