Podcast
Questions and Answers
What happens to the occurrences of risk and opportunity throughout the project life cycle?
How do risk and opportunity occurrences generally change over the project life cycle?
What is the trend for risk and opportunity occurrences as the project progresses?
Study Notes
Risk and Opportunity Throughout the Project Life Cycle
- Risk and opportunity occurrences change throughout the project life cycle.
- At the beginning of the project, risks are highest and opportunities are lowest due to uncertainty and unknowns.
- As the project progresses, risks tend to decrease and opportunities tend to increase as more information becomes available.
- During the middle phase of the project, risks and opportunities tend to be more balanced as the project plan is more established.
- Towards the end of the project, risks decrease and opportunities increase as the project nears completion and more is known about the outcome.
- The trend for risk and opportunity occurrences throughout the project life cycle is an inverse relationship, where risks decrease and opportunities increase as the project progresses.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of project risk management with this quiz. Choose the correct statement about the occurrences of risk and opportunity throughout the project life cycle. This quiz will assess your understanding of how risk and opportunity change over the course of a project.
