You are the project manager in your enterprise. You have identified risk that is noticeable failure threatening the success of certain goals of your enterprise. In which of the following levels do this identified risk exists?
You are the project manager in your enterprise. You have identified risk that is noticeable failure threatening the success of certain goals of your enterprise. In which of the following levels do this identified risk exists?
A risk that is a noticeable failure threatening the success of certain goals of an enterprise would be classified as high risk. High risks are significant enough to have a substantial negative impact on the achievement of the enterprise's objectives. They require careful management and mitigation strategies to prevent considerable disruption. This distinguishes them from moderate risks, which are less severe and can be managed with proper planning; low risks, which have minimal impact; and extremely high risks, which have catastrophic consequences.
If the identified risk is a noticeable failure-threatening the success of certain goals of the enterprise, it can be considered as a high risk. High-risk scenarios can have a significant impact on the enterprise's objectives, and could cause a significant delay or failure of the project if not properly managed. This level of risk is different from moderate risk which is a risk that can be mitigated or managed with proper planning, low risk which is a risk that has little or no impact on the project, and extremely high risk which is a risk that is seen as catastrophic and has a severe impact on the project. It's important to note that the level of risk is usually relative and it depends on the context of the project, the industry, and the enterprise.
It's a noticeable risk, so it can't be moderate as it can harm the reputation of the enterprise. So, it's definitely a High Risk.
The key word here is noticeable
It's definitely B. As the risk is a noticeable failure-threatening partially the success of the business objectives.
Based on the information given in the question, it is not possible to definitively determine the level of the identified risk without further information. However, we can provide some guidance on how to assess the level of risk in a project. The level of risk in a project is typically assessed by considering two factors: the likelihood of the risk occurring and the impact it would have if it did occur. The likelihood of a risk can be assessed by considering factors such as the probability of the risk occurring, the frequency with which it might occur, and the severity of its consequences. The impact of a risk can be assessed by considering factors such as the potential financial or reputational damage to the enterprise, the impact on stakeholders, and the effect on the success of the project goals.
Based on these factors, the level of risk can be assessed as low, moderate, high, or extremely high. A low level of risk typically means that the likelihood of the risk occurring is low and the impact, if it were to occur, would be relatively minor. A moderate level of risk typically means that the likelihood of the risk occurring is moderate and the impact, if it were to occur, would be moderate. A high level of risk typically means that the likelihood of the risk occurring is high and the impact, if it were to occur, would be significant. An extremely high level of risk typically means that the likelihood of the risk occurring is very high and the impact, if it were to occur, would be catastrophic.
Therefore, without additional information on the likelihood and impact of the risk, it is not possible to definitively determine the level of the identified risk in the project. However, based on the information provided in the question, it is likely that the identified risk would fall into either the high or extremely high risk categories, given that it is described as a noticeable failure threatening the success of certain goals of the enterprise.
Definitely high risk
If the identified risk poses a significant threat to the success of certain goals of the enterprise, it may be classified as a high risk. This suggests that the potential impact of the risk is substantial and could have a noticeable negative effect on the enterprise's objectives.