SOFTWARE PROJECT MANAGEMENT
QUALITY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The result of uncertainty, or the chance that an event will occur. Assessing what to do with a risk involves predicting the resulting outcome of the potential event and deciding what to do about it should it occur.
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Repair
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Risk
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Scrap
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Improvement
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Explanation:
Detailed explanation-1: -Risk is defined as the possibility that an event will occur and adversely affect the achievement of objectives.
Detailed explanation-2: -Refers to a lack of data or an incomplete understanding of the context of the risk assessment decision. It can be either qualitative or quantitative (U.S. EPA, 2011).
Detailed explanation-3: -Four strategies. Below we present four strategies to deal with risk and uncertainty, which pull together insights from many different fields of research and cast them into a common setting. Benchmark Strategy. Financial Hedging Strategy. Flexible Strategy. Operational Hedging Strategy. 07-Jan-2016
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