Which of the following parameters would affect the prioritization of the risk responses and development of the risk response plan? Each correct answer represents a complete solution. Choose three. 

Answer options:

A. Importance of the risk
B. Time required to mitigate risk.
C. Effectiveness of the response
D. Cost of the response to reduce risk within tolerance levels

ACD

The prioritization of the risk responses and development of the risk response plan is influenced by several parameters: ✑ Cost of the response to reduce risk within tolerance levels ✑ Importance of the risk ✑ Capability to implement the response ✑ Effectiveness of the response ✑ Efficiency of the response Incorrect Answers: B: Time required to mitigate risk does not influence the prioritization of the risk and development of the risk response plan. It affects the scheduled time of the project.