Asked by Jessica Stocker on Jun 29, 2024
Verified
During the closeout phase, _____.
A) risks must be weighed against the potential benefit of the project's success
B) agreements for risk sharing and risk transfer need to be concluded
C) risks are identified with each major group of activities
D) a risk breakdown structure can be used to identify increasing levels of detailed risk analysis
E) the risk plan needs to be updated with new information
Closeout Phase
The final stage of a project where all activities are concluded, documentation is finalized, and deliverables are formally accepted.
Risk Sharing and Transfer Agreements
Arrangements between entities to distribute and mitigate financial risks associated with a project or business venture.
Risk Breakdown Structure
A hierarchical decomposition of risks into categories and sub-categories that helps organize and define the total risk exposure of a project.
- Acquire knowledge on the core principles of risk management, encompassing the identification, assessment, mitigation, and dissemination of risks.
- Understand the essential role of risk management methods across all phases of a project, including initiation, planning, execution, and finalization.
Verified Answer
Learning Objectives
- Acquire knowledge on the core principles of risk management, encompassing the identification, assessment, mitigation, and dissemination of risks.
- Understand the essential role of risk management methods across all phases of a project, including initiation, planning, execution, and finalization.
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