Question 20:
You are the project manager of the NKJ Project for your company. The project`s success or failure will have a significant impact on your organization`s profitability for the coming year. Management has asked you to identify the risk events and communicate the event`s probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?
Answer options:
A. Risk avoidance B. Mitigation-ready project management C. Risk utility function D. Risk-reward mentality