Question
Download Solution PDFMatch the LIST-I with LIST-II
LIST - I (Software Risk) |
LIST - II (Uses) |
||
A. |
Predictable Risk |
I. |
Strategic Risk |
B. |
Business Risk |
II. |
Staffing and Organization |
C. |
Project Risk |
III. |
Implementation |
D. |
Past Project |
IV. |
Past Project Experience |
Choose the correct answer from the options given below:
Answer (Detailed Solution Below)
Option 4 : A - IV, B - I, C - II-, D - III
Detailed Solution
Download Solution PDFThe correct answer is Option 4.
Key Points
- Predictable Risk (A) - Past Project Experience (IV)
- Predictable risks can be identified and mitigated using knowledge and experience from past projects.
- Business Risk (B) - Strategic Risk (I)
- Business risks are often tied to strategic decisions and long-term planning, affecting the overall direction of the project.
- Project Risk (C) - Staffing and Organization (II)
- Project risks include issues related to staffing, resource allocation, and organizational structure, which can impact the project's success.
- Past Project (D) - Implementation (III)
- Lessons learned from past projects can provide valuable insights into the implementation phase of new projects.
Additional Information
- Understanding different types of risks and their uses helps in better risk management and mitigation strategies.
- Predictable risks can often be foreseen and planned for, whereas business and strategic risks require careful consideration of the broader impact.
- Staffing and organizational risks can be mitigated by ensuring the right resources and structures are in place.
- Implementation risks can be reduced by leveraging past project experiences and applying best practices.