adplus-dvertising
frame-decoration

Question

What is the main purpose of risk management?

a.

To prevent risks from becoming problems

b.

To identify potential problems

c.

To solve problems that have already occurred

d.

To develop strategies to mitigate risks

Posted under Software Engineering

Answer: (a).To prevent risks from becoming problems Explanation:Risk management is concerned with preventing risks from becoming problems. It involves identifying the risk factors, determining the risk exposure, developing strategies to mitigate risks, and monitoring risk factors.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What is the main purpose of risk management?
Add Comment

Similar Questions

Discover Related MCQs

Q. What is the main concern when activities on the critical path slip?

View solution

Q. How is project control maintained when the project is underway?

View solution

Q. What is the primary action management needs to take when there is schedule slippage of activities on a critical path?

View solution

Q. What is the primary method of providing progress information to management during a project?

View solution

Q. What is used to determine cumulative effort and expenditure during a project?

View solution

Q. How can project expenditures be planned using a Gantt chart?

View solution

Q. What is the purpose of a Gantt chart in project management?

View solution

Q. What is the purpose of dummy activities in an activity-on-arrow network in the PERT technique?

View solution

Q. What is the difference between an "activity-on-node" network and an "activity-on-arrow" network in the PERT technique?

View solution

Q. What is the purpose of a Gantt chart in the PERT technique?

View solution

Q. What does the "Fi" in the ordered pair (Si, Fi) represent in the PERT technique?

View solution

Q. What does the "Si" in the ordered pair (Si, Fi) represent in the PERT technique?

View solution

Q. What is the purpose of dummy activities in PERT technique?

View solution

Q. What is a critical path in PERT technique?

View solution

Q. What is the earliest possible finishing time of the whole project?

View solution

Q. How is the earliest possible starting time of an activity computed?

View solution

Q. What is the meaning of Si and Fi in the PERT technique?

View solution

Q. What do the gray areas in the Gantt chart represent?

View solution

Q. What does a Gantt chart depict?

View solution

Q. How is the latest point in time at which activity L should finish computed?

View solution
View All MCQs on Software Engineering

Suggested Topics

Are you eager to expand your knowledge beyond Software Engineering? We've curated a selection of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of Computer Science. Happy exploring!

Cloud Computing

Stay on top of the biggest trend in IT with our Cloud Computing MCQs. These questions...

Microprocessor

Understand the heart of your computer with our Microprocessor MCQs. Topics include...

PHP

Venture into server-side scripting with our PHP MCQs. Cover everything from syntax...

Computer Graphics

Step into the visual side of computing with our Computer Graphics MCQs. Cover topics...

MongoDB

Learn the leading NoSQL database with our MongoDB MCQs. Understand everything from...

Systems Programming

Decode low-level programming with our Systems Programming MCQs. These questions delve...

Java Spring Framework

Enhance your Java development skills with our Spring Framework MCQs. Learn about...

Formal Languages and Automata Theory

Discover the mathematical models of computation with our Formal Languages and...

Hadoop

Dive into the world of big data with our Hadoop MCQs. Cover key concepts including...