What are any four common categories of risk? What is an element of each category?
What will be an ideal response?
Risks commonly fall into one or more of the following classification clusters:
Financial risk refers to the financial exposure a firm opens itself up to when developing a project. — Up-front capital expenditures are at risk in any project.
Technical risk emerges when a project contains unique technical elements or new and unproven technology.
Commercial risk must be handled when a project is being developed for definite commercial intent since success in the marketplace is never guaranteed.
Execution risk is a broad category relating to the unknowns associated with the project plan being carried out.
Contractual or legal risk is consistent with projects in which strict terms and conditions, such as liquidated damages or cost-plus, have been drawn up in advance.
Staffing risks include events such as absenteeism, resignation, failure to secure needed skills, and ineffective training.
You might also like to view...
Under contract law, a person will be held to agreements he made whether he had free will or not
Indicate whether the statement is true or false
Which of the following would most likely be an appropriate addressee for an audit report?
A. The chief financial officer. B. The shareholders of the corporation whose financial statements were examined. C. The president of the corporation whose financial statements were examined. D. A third party who requested that a copy of the audit report be sent to her.
________ refers to the disciplines, technologies, and methods to ensure the currency, meaning and quality of reference data within and across various subject areas
A) DD/D B) MDM C) DBMS D) ERP
You are interested in beginning a small business enterprise and one aspect of your research is to look at the loan record for stockholders of small business corporations. A14-year record of net loans from stockholders of small business corporations (in billions of dollars) are as follows: 1.6, -0.2, 1.0, 1.4, -0.1, 0.6, 1.5, 0.9, 2.2, 1.3, 1.9, 1.9, 2.8, and 5.0. Calculate the mean
____________________ billion Fill in the blank(s) with correct word