Risk Impact

C.

Sure, I'd be happy to help explain the concept of risk impact and the answer choices provided.

Risk impact refers to the effect or consequences of a risk event or occurrence on the project's objectives or outcomes. In other words, it is the effect that a particular risk might have on the success of a project.

Let's now review each of the answer choices provided:

A. Timeframe within which the risk might occur - This answer choice refers to the time window during which the risk event may happen. While this information is important to know, it doesn't relate to the impact of the risk event.

B. The trigger that occurred giving rise to the risk - This answer choice refers to the root cause or trigger that led to the risk event. Again, while this information may be important to know, it doesn't directly relate to the impact of the risk event.

C. The effect of the risk on the delivery of project objectives - This answer choice is correct because it directly relates to the impact of the risk event. The effect of a risk event on project objectives could be positive, negative, or neutral. Understanding the impact of a risk event is important for effective risk management.

D. How likely the risk is to occur in a given project situation - This answer choice refers to the probability or likelihood of a risk event occurring. While this information is important to know, it doesn't directly relate to the impact of the risk event.

So, the correct answer is C, "The effect of the risk on the delivery of project objectives."