What term is assigned to the low-level of stakeholder tolerance in this project?

You are the project manager of the NKJ Project for your company. The project’s success or failure will have a significant impact on your organization’s profitability for the coming year. Management has asked you to identify the risk events and communicate the event’s probability and impact as early as possible in the project.Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

Question:

What term is assigned to the low-level of stakeholder tolerance in this project?

Options:

Mitigation-ready project management

Risk utility function

Risk avoidance

Risk-reward mentality

Correct Answer

The Correct Answer for this Question is

Risk utility function

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