You are reviewing the risks on your project with key stakeho - PMP Practice Questions
Question
You are reviewing the risks on your project with key stakeholders. After the initial risk identification matrix was created, the discussion centered around the stakeholder’s tolerance for risk on the project. Stakeholder risk tolerance levels are part of:
Answers
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Explanation
The correct answer is c.
Stakeholder risk tolerance levels are considered part of enterprise environmental factors. These factors include any internal or external influences that can affect the project's risk management approach, including the risk appetite and tolerance levels of stakeholders. Understanding these tolerance levels is crucial for effectively managing risks throughout the project, as they help inform the risk management strategies and decisions made by the project team. This knowledge allows for a tailored approach that aligns with the stakeholders' expectations and organizational context.
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