Prince2 Foundation: Describing Risk Events

The Importance of Understanding Risk Events

Question

Which describes a risk event?

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

A.

http://prince2.wiki/Risk

A risk event is an uncertain occurrence or situation that, if it occurs, can have a negative or positive impact on the project's objectives. It is typically characterized by the following attributes:

A. The area of uncertainty in terms of the threat or opportunity: This means that a risk event can either present an opportunity or a threat to the project. It is an area of uncertainty because the probability and impact of the event are unknown.

B. The derivation or sources of a potential risk to the project: This refers to the origin or source of the risk event. It could be internal to the project, such as poor planning or inadequate resources, or external, such as a change in market conditions or regulatory requirements.

C. The achievement of a milestone on the project plan: This is not a characteristic of a risk event. Milestones are predetermined points in a project schedule that mark the completion of a significant task or stage.

D. The sequence of events and actions that will be put in place if a risk occurs: This refers to a risk response plan, which is a predefined set of actions that will be taken if a risk event occurs. It is not a characteristic of the risk event itself.

In summary, the correct answer is A, as it describes the area of uncertainty in terms of the threat or opportunity that a risk event represents.