Ace the PRINCE2 Foundation Blast 2025 – Unleash Your Project Power!

Disable ads (and more) with a premium pass for a one time $4.99 payment

Question: 1 / 180

How does PRINCE2 define "Risk" in project management?

An event that is guaranteed to happen during the project

An uncertain event with possible positive or negative effects

PRINCE2 defines "Risk" as an uncertain event that may have positive or negative effects on a project. This definition highlights the inherent uncertainty in project management, recognizing that risks can lead to both challenges and opportunities. For instance, a risk can present a threat that could potentially derail project objectives or it can open up possibilities for enhancing project value or success beyond initial expectations.

The term "uncertain" is critical here, as it signifies that while risks can be identified and assessed, their occurrence is not guaranteed. This understanding allows project managers to develop strategies for mitigating negative impacts and capitalizing on potential benefits, thus effectively managing the overall risk profile of the project.

In contrast, the other alternatives do not accurately reflect the PRINCE2 understanding of risk. Risks are not guaranteed events, nor are they simply complications or control measures. Instead, they encompass a broader range of potential future scenarios that could influence project outcomes, making the definition provided in option B the most accurate representation of risk according to PRINCE2 principles.

Get further explanation with Examzify DeepDiveBeta

An unavoidable complication that affects project cost

A control measure to ensure project tasks are completed

Next

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy