Asked by Shayle Lliaban on Jul 04, 2024

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_____ is about developing an understanding of which potential risks have the greatest possibility of occurring and can have the greatest negative impact on the project.

A) Risk mitigation
B) Risk sharing
C) Risk generalization
D) Risk evaluation
E) Risk management

Risk Mitigation

Strategies and methods implemented to reduce the severity, impact, or likelihood of potential risks to a project or organization.

Risk Evaluation

The process of identifying, assessing, and prioritizing risks to an organization or project, followed by coordinated efforts to minimize or manage the impact of these risks.

Risk Management

The process of identifying, assessing, and controlling threats to an organization's capital and earnings, including both strategic and operational risks.

  • Grasp the foundational concepts of risk management, encompassing the identification, assessment, mitigation, and sharing of risks.
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PV
priyanka vinerkarJul 07, 2024
Final Answer :
D
Explanation :
Risk evaluation involves identifying and analyzing potential risks to determine their likelihood and potential impact on the project. This helps project managers prioritize risks and develop strategies for mitigating or managing them.