Asked by Claudia Holton on Jun 15, 2024
Verified
What is the difference between project risk and organizational risk?
Project Risk
Potential events or conditions that can negatively impact the outcome of a project, including delays, cost overruns, and scope changes.
Organizational Risk
The potential for losses or negative outcomes resulting from the strategies, processes, or resources of an organization.
- Differentiate between risks associated with projects and those inherent in organizations.
Verified Answer
TZ
Tracy ZhangJun 18, 2024
Final Answer :
Project risk is an uncertain event or condition that, if it occurs, has an effect on at least one project objective. Organizational risk is the possible loss that is associated with the business purpose of the project.
Learning Objectives
- Differentiate between risks associated with projects and those inherent in organizations.