MANAGEMENT

Detailed explanation-1: -All projects have risk. As a minimum, the project has a risk that it does not accomplish its stated objective. But as you will see, there are a multitude of secondary risks that, if not carefully considered, create a high probability of cost and schedule overruns, or other negative outcomes.

Detailed explanation-2: -Inadequate tools or technology is a common risk cause that can severely impact the outcome of a project. It is difficult to develop a product efficiently or according to its established standards if you do not have the adequate tools or technology to complete the product as specified in the project plan.

Detailed explanation-3: -A project risk is an uncertain event that may or may not occur during a project. Contrary to our everyday idea of what “risk” means, a project risk could have either a negative or a positive effect on progress towards project objectives.

Detailed explanation-4: -Which of the following is not considered as a risk in project management? Explanation: Testing is a part of project, thus it can’t be categorized as risk.