PrepAway - Latest Free Exam Questions & Answers

Which types of project tends to have more well-understood risks?

Which types of project tends to have more well-understood risks?

PrepAway - Latest Free Exam Questions & Answers

A.
Recurrent projects

B.
State-of-art technology projects

C.
First-of-its kind technology projects

D.
Operational work projects

Explanation:

A recurrent project is a project that is repeated over and over within an organization. It generally has risks that are already identified and well-understood based on the past experiences. This saves time and effort in risk analysis.
Answer option B is incorrect. State-of-the-art technology projects are new and generally have to undergo intense risk analysis.
Answer option C is incorrect. Like the state-of-the-art projects, first-of-its-kind projects must undergo a more intense risk analysis projects because the risk events are unknown. Answer option D is incorrect. Operational work projects is not a valid term. Remember, operations and projects are separate.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"

One Comment on “Which types of project tends to have more well-understood risks?


Leave a Reply