Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?
A.
Project risk can happen at any moment.
B.
Project risk is always in the future.
C.
Project risk is uncertain, so no one can predict when the event will happen.
D.
Project risk happens throughout the project execution.
Explanation:
Project risk is always in the future – that’s the point of planning for project risk events. Answer option A is incorrect. Risks are associated with events and activities in the project and do not occur at random intervals.
Answer option C is incorrect. You can predict when risk events are likely to happen based on conditions within the project.
Answer option D is incorrect. Risks do not always happen during project execution – risk events can come from outside the project and are not caused by team-generated activities. Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"
B