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.
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
Explanation:
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
Answer B is incorrect. 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.