Match 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:

  1. A - IV, B - III, C - I, D - II 
  2. A - III, B - II, C - I, D - IV 
  3. A - I, B - IV, C - III, D - II 
  4. A - IV, B - I, C - II-, D - III

Answer (Detailed Solution Below)

Option 4 : A - IV, B - I, C - II-, D - III

Detailed Solution

Download Solution PDF

The correct answer is Option 4.

key-point-imageKey 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-imageAdditional 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.
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