Which describes risk probability?
Which describes risk probability?
Risk probability is a measure of the likelihood of a risk occurring. It quantifies the chance or possibility of a risk event happening, which is crucial for developing appropriate risk management strategies in project management.
D. A measure of the likelihood of the risk occurring. Risk probability refers to the likelihood of a risk event occurring. It is a measure of the chance or possibility of the risk event taking place, expressed in terms of a probability or percentage. In project management, it is essential to assess the probability of risks so that appropriate risk management strategies can be developed and implemented.
@Fiery, are the real exam questions similar to these ones?