Any action taken to reduce the probability and/or consequences of an adverse outcome from a development project is called:

Question

BlackTom AI · Accepted Answer

To understand the question, we need to identify what term describes any action aimed at reducing the probability or impact of a negative outcome in a development project.
Option 1: Mitigation. This term directly refers to actions taken to lessen either the likelihood or the severity of adverse outcomes, aligning with standard project risk management language.
Option 2: Avoidance. While avoidance reduces exposure to risk by steering away from the risky activity, it is not the general term for all actions that reduce probability or consequences; it describes a specific strategy that eliminates the risk source rather than addressing it through broader risk reduction.
Option 3: Transference. Transference shifts the risk to another party (for example, through insurance or outsourcing). Although it reduces the firm's exposure, it is a distinct risk response and not the umbrella term for actions that reduce probability or consequences themselves.
Option 4: Acceptance. Acceptance acknowledges the risk and chooses not to take action to alter probability or impact. It does not fit the idea of taking action to reduce adverse outcomes.
In summary, the action described in the question corresponds to mitigating risk by implementing measures to lower either the probability or the consequences, which is encapsulated by the term 'Mitigation'.

ISE 4120 SP2025 (10663) QCI Chapter 11 Quiz

Any action taken to reduce the probability and/or consequences of an adverse outcome from a development project is called:

查看解析

登录即可查看完整答案

类似问题

Self-insuring is an example of which risk strategy?

Which statement reflects the role of management actions in risk management within an aviation business?

Lauren is studying the two major components of risk management within an aviation business. Which of the following correctly describes these components?

During a risk review meeting at Atlantic Aviation, Julissa evaluated the types of normal business risks the company must prepare for. Which of the following is NOT one of the typical business risks faced by an aviation operation?

Question at position 7 Operations managers do not need to consider the risks of a technology if the benefits are high.TrueFalse

______ is the process of deciding which risks are worth addressing and the extent to which these risks should be avoided.

Preventable risks are those that can be avoided through ______.

Enterprise risk management is a(n) ______.

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单